Aggregate Leave Encashment even on switching jobs is exempt from tax upto Rs 3 lakhs

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Leave encashment tax relief is not restricted to one job in a year. Every organisation divides the leaves that can be taken by an employee in casual leave (CL), sick leave (SL) and paid leave (PL) and credits them to their account annually. While the CLs and SLs lapse after the year ends, PLs are…

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