New tax regime; exemption for Leave Encashment is applicable?

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Hi,

In the new tax regime is the exemption for Leave Encashment is applicable or not?
What are the details?

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An employee can opt to receive payment in exchange for his or her share of unused leaves on retirement. This is known as leave encashment and it remains exempted from tax under the new tax regime (provided it amounts to less than Rs 3 lakhs).

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