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 unaware of this distinction.
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October 21, 2026 at 5:33 AM
Taxman caps PSU bank retiree’s leave exemption at Rs 3 lakh; but ITAT grants relief of Rs 9.29 lakh
TOI Business
Excerpt from TOI Business.