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Leave encashment exempton under Sec 10(10AA) for bank employees, Income Tax

Issue Id: - 118154
Dated: 12-9-2022
By:- JAYANTL AASHER

Leave encashment exempton under Sec 10(10AA) for bank employees


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Can bank employees be treated on par with Government employees for the purposes of claiming full exemption under section10(10AA) in respect of encashment of leave salary?

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1 Dated: 12-9-2022
By:- Manoranjan Behera

Hi

It has been held by Delhi High court and Supreme Court too, that PSU Bank employees cannot be treated at par with Government employees.

Delhi high court: Kamal Kumar Kalia & Others Vs Union of India = 2019 (11) TMI 1143 - DELHI HIGH COURT.


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