- 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 ))
Thanks & Regards
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Leave Encashment
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Monetary limit is 3 lakhs
PSU employees are not considered as govt. employees under leave encashment scheme under income tax
PSU employees are not considered as govt. employees under leave encashment scheme under income tax
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