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Taxman caps SBI retiree’s leave exemption at Rs 3 lakh; but ITAT grants full relief

Times of india·21 Oct 2026
Taxman caps SBI retiree’s leave exemption at Rs 3 lakh; but ITAT grants full relief

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…

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