PF, gratuity, leave encashment, pension commutation and all income tax benefits for retired employees released in a brochure by income tax dept

The Income Tax Department has come out with a brochure outlining tax benefits for retired employees in both the public and private sectors, covering gratuity, pension, and leave encashment. It details exemption limits, standard deductions, and advance tax rules under both old and new tax regimes for retired employees. Read below to know the details.

from Tax-Wealth-Economic Times https://ift.tt/FdfG45q