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

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

October 21, 2026

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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