It Exemption Limit News Today

While such payments were tax-free only for government employees, the private sector was permitted only up to Rs 3 lakh worth of tax-free leave encashment. The new measure was announced in the February budget, but has been notified only now

S. Ranganathan, Head of Research at LKP Securities said the Budget has put more money in the hands of the people through relief from Income Tax which to our mind is a very positive step.