Under income tax law, SBI staff are treated as non-government employees and, therefore, can claim leave encashment exemption subject to the applicable limit. A retired SBI employee from Jaipur, was unaware of this distinction. When he retired in 2020 he received Rs 9.29 lakh as leave encashment and did not pay tax on the amount.
Business
Taxman caps PSU bank retiree’s leave exemption at Rs 3 lakh; but ITAT grants relief of Rs 9.29 lakh
- by The News Vista
- October 21, 2026
- 0 Comments
- Less than a minute
- 0 Views
- 2 hours ago

