Revised limits of leave salary

LegalitySimplified

Department of Revenue on 24th May, 2023 issued notification regarding specification of Rs. 25, 00,000 as the limit in relation to amount receivable by employees as cash equivalent of leave salary in respect of the period of earned leave at their credit at the time of their retirement, whether superannuation or otherwise.

It shall come into force with effect from the 1st day of April, 2023.

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