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Leave salary on retirement

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Querist : Anonymous

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Querist : Anonymous (Querist)
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.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
24 July 2017 Rs.68033/- is taxable amount.
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