Leave salary on retirement
This query is : Open
Querist : Anonymous
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.
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.
24 July 2017
Rs.68033/- is taxable amount.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- Tds on commission charges
- Applicability of GST on Salary Reimbursement Component
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Dep. as per companies act
- Minimum tax payable to file Updated return
- Renovation exp. in flat by family member
- Change Of Karta In Case of Death
- New GST registration for new place of business.
- FAST-DS Scheme - Foreign Assets
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
08 September 2026
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
CCI
Pro
CAclubindia
