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

5 hours ago 1
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.
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