Tax rules 2026: Leave encashment is the amount paid by an employer for unused earned leave accumulated by an employee. Under Section 10(10AA) of the Income Tax Act, this benefit can be partially or ...
Mr. Vashistha, a retired employee of the State Bank of India from Jaipur, had to file a case in the Income Tax Appellate Tribunal (ITAT) after the income tax department denied him a higher tax ...