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India Budget 2023: Sitharaman offers cash bounty if you don't take leave from work
India Budget 2023: Sitharaman offers cash bounty if you don't take leave from work
"The limit of Rs 3 lakh for tax exemption on leave encashment on retirement of non-government salaried employees was last fixed in the year 2002, when the highest basic pay in the government was Rs 30,000 pm. In line with the increase in government salaries, I am proposing to increase this limit to Rs 25 lakh," Finance Minister Nirmala Sitharaman said while announcing the Union Budget for the next fiscal year that starts April 1.
"The limit of Rs 3 lakh for tax exemption on leave encashment on retirement of non-government salaried employees was last fixed in the year 2002, when the highest basic pay in the government was Rs 30,000 pm. In line with the increase in government salaries, I am proposing to increase this limit to Rs 25 lakh," Finance Minister Nirmala Sitharaman said while announcing the Union Budget for the next fiscal year that starts April 1.
"The limit of Rs 3 lakh for tax exemption on leave encashment on retirement of non-government salaried employees was last fixed in the year 2002, when the highest basic pay in the government was Rs 30,000 pm. In line with the increase in government salaries, I am proposing to increase this limit to Rs 25 lakh," Finance Minister Nirmala Sitharaman said while announcing the Union Budget for the next fiscal year that starts April 1. 
