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

15 Oct 2026 · 1d agoSource: LiveMint — Money

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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This digest is published with acknowledgment to LiveMint — Money. For the complete analysis, headnotes, and citations, please refer to the source.

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