Anil Rego |377 Answers |Ask -Follow
Financial Planner - Answered on Oct 07, 2022
I have retired normally from a PSU Bank. I have been given exemption of Rs 3 lakh from the leave encashment amount (eight months equivalent salary) on retirement and rest amount has been taxed by bank. As the Government employees are fully exempted, being a PSU bank employee, am I not eligible for the same benefit?
For a PSU employee (including a PSU Bank), the maximum exemption allowed on leave encashment is Rs 3 lakh in your case.
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