Consider that I availed an exemption of Rs. 1,00,000 exemption for leave encashment received in previous years. Will I be still eligible for availing exemption for leave encashment now?

April 17, 2024 10:35

Yes, you are eligible to avail the exemption as many times as needed.

Nevertheless, the cumulative exemption should not exceed Rs. 25,00,000. Consequently, any unused portion of the exemption, (i.e. in the above mentioned scenario Rs. 24,00,000), can be claimed in subsequent years.

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