Business

Retired before April 2023? ITAT allows LIC employee to claim tax exemption on ₹9.04 lakh leave encashment

LiveMint - Money · 15 October 2026 at 11:03 pm

Retired before April 2023? ITAT allows LIC employee to claim tax exemption on ₹9.04 lakh leave encashment

A retired LIC employee won ITAT Jaipur relief on ₹9.04 lakh in leave encashment after the tax department restricted her exemption to ₹3 lakh.

The ruling examines whether the enhanced ₹25 lakh limit introduced in 2023 can benefit employees who retired earlier.

Read the full article on LiveMint - Money ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.livemint.com — the content belongs to LiveMint - Money.

Retired before April 2023? ITAT allows LIC employee to claim tax exemption on ₹9.04 lakh leave encashment

More from LiveMint - Money

Millions hit by data breach in Japan: How cyber insurance can protect you against such risks — check costs, coverage

Centre approves 30-day bonus for government employees: Check eligibility, ₹6,908 payout and service rules

Gold price forecast: Why investors expect record highs within 2 years

Sundaram Finance hikes interest rates on fixed deposits; offers up to 8% returns — check details and effective date

More in Business

US stocks: Dow, S&P 500 end higher as traders shift from AI to healthcare

Cracker prices likely to jump 30-50% this Diwali, pinching consumers

Supreme Court hears contempt plea on order against Metro restrictions

Millions hit by data breach in Japan: How cyber insurance can protect you against such risks — check costs, coverage

India-US trade deal: 'Big items done', both sides close to pact, says Gor

Capex-light strategy: Akash Ambani charts out Jio's growth path to 6G