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    • MC Explains: Higher tax exemption on leave encashment for non-govt employees

      The tax exemption on leave encashment for private salaried employees has been raised eightfold.

    • Tax Relief On Encashment Of Leaves Hiked For Non-Government Employees | Explained

      If you are a workaholic, and have been working without taking many leaves and are planning to switch jobs or retire soon from a private company, the revenue authorities have good news for you. In accordance to the Budget announcement, govt has made the amount paid as leave encashment tax-free up to Rs 25 lakh. Watch the video to find out details of the recent changes in the policy.

    • Tax exemption limit on leave encashment hiked by Rs 22 lakh; Details here

      The move is likely to benefit a host of employees, from the private sector to public sector firms as well as entities such as AIIMS

    • Moneycontrol Daily: Your Essential 7

      A daily round-up of the most interesting articles to help jump-start the day.

    • Leave encashment up to Rs 25 lakh to be tax-free for non-government workers

      While such payments were tax-free only for government employees, the private sector was permitted only up to Rs 3 lakh worth of tax-free leave encashment. The new measure was announced in the February budget, but has been notified only now.

    • New tax regime vs old tax regime - deductions and exemptions allowed under both the regimes

      You can claim deduction for home loan interest, but only on a rented property, and not as much as under the old regime. Gratuity is tax-exempt up to Rs 20 lakh and leave encashment up to Rs 25 lakh for non-government employees under the new and the old tax regimes.

    • Budget 2023: All you need to know about EPF withdrawal, leave encashment

      Budget announcements included amendments to provide relief to salaried taxpayers withdrawing their provident fund balance or receiving leave encashment from their employers.

    • Budget 2023: Big jump in leave encashment limit for non-govt staff

      The limit of Rs 3 lakh for tax exemption on leave encashment on the retirement of non-government salaried employees was last fixed in 2002

    • Should you opt for 'consultant' status to lower tax outgo?

      As a consultant you are required to pay a flat 10 per cent tax on income while an employee is taxed as per applicable slab, the highest being 30 per cent along with surcharge.

    • Salaried? Here are some tax saving tips for you

      If you plan it well, you can save a lot on income tax front and enjoy your salary.

    • Is leave encashment fully taxable?

      Leave Encashment during service is fully taxable in all cases, relief u/s 89

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