Income Tax: The maximum amount receivable by employees as cash equivalent of leave salary at the time of their retirement, whether superannuation or otherwise, is set at Rs. 25,00,000. (25.05.2023)
The maximum amount receivable by employees as cash equivalent of leave salary at the time of their retirement, whether superannuation or otherwise, is set at Rs. 25,00,000. [Notification No. 31/2023-Income-Tax dated 24 May 2023]
