Leave Encashment Exemption Trend

 ITAT rulings (Jaipur, Agra, Ahmedabad benches) treat the ₹25 lakh leave encashment exemption (Budget 2023) as retrospective, allowing pre-2023 retirees to reclaim taxes via revised returns. This revolutionises relief for ~1 million retirees; aligns with middle-class focus.

 

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