Finance Ministry increases Tax Exemption Limit for Earned Leave Encashment u/s 10(10AA) of Income Tax Act [Read Notification]

By Manu Sharma - On May 25, 2023 2:21 pm - 2 mins read

Finance Ministry increases Tax Exemption Limit - Earned Leave Encashment us 10(10AA) of Income Tax Act - TAXSCAN

The Central Board of Direct Taxes (CBDT) has notified the enhanced limit for earned leave encashment, to the extent exempted from income tax. This move is in line with the budget proposal for the fiscal year 2023-24. During the budget announcement, the Union Finance Minister Nirmala Sitharaman had highlighted that the existing limit of ₹3…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?

Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)

₹1199 + GST for 1 year

Subscribe Now

Topics