24 July 2017
dear expert MY query is that, one of my clients received leave encashment on retiremnt rs.135000/-. but in form no. 16. show leave salary exemption rs.66967/-. now in my clients bank a/c. shows credit of rs. 135000/-.exemption rs.66967/-. so, we considered that total leave encashment rs.135000 -66967/- i.e.68033/- is taxable under the head of salary or not. pl. reply as early as possible and advise.
CAclubindia
