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The proposed budget entails an extension of the limit of tax exemption on leave encashment to ₹25 lakh for non-government salaried employees upon retirement, aligning it with the government salaried class. In the Old Tax Regime, the maximum amount eligible for exemption stood at ₹3 lakh. [20]
In some cases, the number of days granted depends on whether an employee works in the public or private sector. Leave taken in the event of a death also applies if it is a relative of the employee's spouse or civil partner who has died: e.g. the death of an employee's mother-in-law entitles the employee to 3 days' leave. [127] [128]
Commuted leave: Two half pay leaves due can be commuted to one fully paid commuted leave. Commuted leave not exceeding half the amount of half-pay leave due at any point of time can be taken on certified medical ground. Whereas 90 days of commuted leave can be availed during the entire service period without any certified medical ground.
(Reuters) -Accenture beat Wall Street estimates for first-quarter revenue and profit on Thursday, on the back of growing demand for its services to help clients adopt AI-powered tools, sending its ...
A former TD Bank employee based in Florida was arrested and charged with facilitating money laundering to Colombia, New Jersey's attorney general said on Wednesday, in the first such arrest since ...
It’s been a bad week for Doug Gottlieb. After getting into a social media spat with ESPN’s Adam Schefter, Gottlieb then led UW-Green Bay to a 72-70 loss to Michigan Tech, a Division-II school ...
Leave encashment; Gratuity on Death; Medical facilities under Union Government Health Scheme; Single male employees and female employees in the Union government are eligible for child care leave for 730 days. [7]
Indexes ended lower on Thursday as traders focused on the coming jobs report. The data is expected to show the US economy added 214,000 new hires, a steep uptick from October's reading.