{
  "id": 15856965,
  "title": "Taxman caps SBI retiree’s leave exemption at Rs 3 lakh; but ITAT grants full relief",
  "url": "https://urgent.news/2026/10/21/taxman-caps-sbi-retirees-leave-exemption-at-rs-3-lakh-but-itat-grants",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-10-21T05:33:40.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/retired-psu-bank-employee-claimed-rs-9-29-lakh-leave-encashment-as-tax-free-but-taxman-restricted-exemption-to-rs-3-lakh-itat-applies-rs-25-lakh-limit-retrospectively-cancels-rs-6-29-lakh-addition/articleshow/135081242.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "Under income tax law, SBI staff are treated as non-government employees and, therefore, can claim leave encashment exemption subject to the applicable limit. A retired SBI employee from Jaipur, was unaware of this distinction. When he retired in 2020 he received Rs 9.29 lakh as leave encashment and did not pay tax on the amount.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}