Leave Encashment

Deepanshu Garg (Student) (273 Points)

26 December 2020  
- What is monetary limit under income tax act for leave encahsment ? 3 lakhs or 10 lakhs ?

- Are PSU employees to be considered as central government employees or non govt. employees for income tax purpose ?

(( In the above case the PSU is Life Insurance Corporation of India. It is a 100% central govt. undertaking ))

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