PTI | | Posted by Nisha Anand

May 26, 2023 04:07 PM IST

The new increased limit for tax exemption on leave encashment on retirement will come in effect from April 1, 2023.

In line with the Budget announcement, the finance ministry on Thursday hiked the tax exemption limit for leave encashment upon retirement for private sector salaried employees to 25 lakh.

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