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TAX ON LEAVE ENCASHMENT
Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefits- Bengaluru techie who started with just Rs 5,000 salary now has Rs 70 lakh net worth, but still carries one regret he cannot forget
- Rs 5000 monthly starting salary, Rs 70 lakh savings: Bengaluru employee shares the strategy he used for wealth creation
- Retired employee claims tax exemption on Rs 19 lakh leave encashment; I-T dept issues notice and caps it at Rs 3 lakh; ITAT Chennai grants him full reliefWhen Mr Balasubramanian Venkatachalaperumal from Jagadamal Street retired from ONGC in FY 2019-20, he got Rs 19.05 lakh as leave encashment...19 Jun, 2026, 10.27 AM IST
- ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...11 Jun, 2026, 07.43 AM IST
- Leave encashment tax rules for AY 2026-27: How much exemption salaried employees can claimITR Filing 2026-27: Salaried employees can claim tax exemption on leave encashment at retirement. While government employees enjoy full exe...01 Jun, 2026, 11.44 AM IST
- US death tax trap: Uncle Sam's wealth puzzle leaves rich Indians worried for their kidsRich Indian families are racing to shield booming US stock portfolios from America’s 40% inheritance tax, but face complex FEMA and LRS hur...27 May, 2026, 01.37 PM IST
- Rules for faster full and final settlement, annual leave encashment & other provisions are already effective under new labour code even without state government notification, know what it meansNew labour code provisions are now effective across India from November 21, 2025. Employee benefits like faster full and final payments and...22 May, 2026, 11.37 AM IST
- 8th Pay Commission fitment factor demand: Railway employee body demands multiple fitment factors; minimum pay of Rs 52,600The Indian Railways Technical Supervisors’ Association (IRTSA) has submitted a memorandum to the 8th Pay Commission demanding five distinct...07 May, 2026, 03.32 PM IST
- Tax-free allowances rise, so do employer costs: The salary structuring dilemma under the Social Security CodeEnhanced tax-free allowances under the Income-Tax Rules, 2026 can improve employees’ take-home pay. However, the expanded definition of “wa...06 May, 2026, 07.33 AM IST
- Retired government employee denied tax exemption on leave encashment,fights and wins in ITAT Chandigarh; here’s whyIn a recent ruling, the Income Tax Appellate Tribunal in Chandigarh has granted a significant tax relief to Mr. Saini, a retired worker fro...23 Nov, 2025, 07.00 AM IST
- Retired employee denied tax exemption on Rs 13 lakh leave encashment, ITAT Jaipur restores tax benefit under new Rs 25 lakh limitA retired State Bank of India employee from Jaipur won a tax case. The Income Tax Appellate Tribunal ruled in his favor, increasing his lea...13 Nov, 2025, 11.43 AM IST
- Tax exemption limit on leave encashment increased to Rs 25 lakh for non-government salaried employeesThe finance ministry announced the maximum limit for encashment of earned leave that is exempt from income tax in accordance with the budge...31 Jul, 2023, 12.21 PM IST
- CBDT notifies enhanced leave salary encashment limit for non-government employeesThe CBDT’s notification aims to implement the Budget 2023 proposal that promised to increase the income tax exemption limit on earned leave...25 May, 2023, 07.40 PM IST
- India Budget 2023: Sitharaman offers cash bounty if you don't take leave from work"The limit of Rs 3 lakh for tax exemption on leave encashment on retirement of non-government salaried employees was last fixed in the year...01 Feb, 2023, 08.20 PM IST
- Tax exemption on leave encashment on retirement of non-government salaried employees increased in Budget 2023According to Nirmala Sitharaman in her Budget speech, “The limit of Rs 3 lakh for tax exemption on leave encashment on retirement of non-go...01 Feb, 2023, 05.41 PM IST
- How central government employees can avail benefit under LTC cash voucher schemeHere is a look at the details of how central government employees can avail the LTC cash voucher scheme as per an office memorandum issued ...11 Feb, 2021, 04.43 PM IST
- Govt launches tax-exempt LTC cash voucher scheme to boost consumer spendingThis is a one-time scheme and payment will be only in lieu of one LTC during the block of four years 2018-21. This should help people to so...13 Oct, 2020, 03.36 PM IST
- Query corner: TaxationOur expert Vaibhav Sankla, executive director, Adroit, guides you in matters relating to taxation.14 Dec, 2010, 05.33 AM IST
- HC makes leave encashment less taxingAcc to Income-Tax Act, deduction can be claimed only for actual cash-flow and not for the provisions made.12 Jul, 2007, 04.12 AM IST
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