I am an employee of a Public Sector Company. At retirement I have 70 Earn Leaves (EL) only. My company gave 32 Earn Leaves per year during my service period of 35 years as per my Earn Leave entitlement per year. Please tell me whether I shall get any tax exemption on leave encashment from the encashment of 70 leaves during the retirement time. If yes/no, please tell me in details.