Tax exemption on leave encashment limit raised to Rs 25 lakhs

February 01, 2023 12:58

The limit of 3 lakhs for tax exemption on leave encashment limit raised to 25 lakhs, Sitharaman announced in her speech.

We are also making the new income tax regime the default tax regime. However, citizens will continue to have the option to avail the benefits of the old tax regime, she said.

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