Malhotra News
No tax blow for final leave encashment
Court rulings interpret ‘retirement’ and ‘resignation’ as similar events, thereby allowing tax exemption.
Arup Batra, after having worked in the same company for over 15 years, was leaving his job for a better position in another firm. As he had served for a long time, his termination benefits were substantial.
One component was the leave salary to his credit. The problem arose
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