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Taxable or exempt

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(Querist)
02 February 2017 Which of the following lump sum amount received are exempt under which section or taxable in the hand of widow of state govt employee

Amount received from
1. Employees co­operative Rs. 99,000
2. SBI Life Insurance Rs. 5,00,000
3. GPF Rs. 16,04,875.00
4. DLF Life Insurance Rs. 60,000.00
5. Earn Leave Encashment Rs. 5,31,180.00
6. Gratuity Rs. 10,00,000.00
7. Group Insurance Rs. 3,02,622.00
8. Salary for 2 months Rs. 1,79,507.00

Plz reply as soon as possible so that i can file return in prescribed time limit.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 February 2017 No amount is taxable in the hands of widow. Only the following amounts taxable in the hands of deceased employee.
1 Interest element in the amount of employees co-operative.
2 Leave encashment amount exceeding 3 lacs.
3 2 months salary.
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Jay V

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Jay V (Querist)
07 February 2017 Thanks Sir it means a lot
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