A woman retired from Life Insurance Corporation of India (LIC) on June 30, 2020 after more than 30 years of service. She received Rs 9.04 lakh as leave encashment, in addition to her other retirement benefits.
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October 16, 2026 at 4:33 AM
Taxman capped LIC retiree's leave pay exemption at Rs 3 lakh; ITAT allows Rs 9.04 lakh
TOI Business
Excerpt from TOI Business.