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Leave Salary in Form 16

subi (Manager) (30 Points)

07 June 2010  

Hi,

 

How can we show leave salary encashment in form 16 in case of excempted or non excempted?

 

Please help,

 

With regards,

Subi


 5 Replies

Arun BR (Manager-Finance) (50 Points)
Replied 07 June 2010

show as a separate line item as Exemption

Shudhanshu Agrawal (Business) (2570 Points)
Replied 07 June 2010

While preparing Form 16 we will include the gross amount of leave encashment paid in point 1(a) i.e. income under Section 17(1) whereas exemption will be shown under point 2 as a seprate item as leave encashment exemption is available u/s 10(5).

Akhil Gupta (Manager F&A) (856 Points)
Replied 07 June 2010

First include the total amount of lease salary given to the employee in his gross total salary then allow exempteion in a separate line.

radha hegde (student) (21 Points)
Replied 05 December 2015

Leave enchasement as in form 16 is after exemption or is to be taken at the time of filling the return.

Yoshi Cotton (fgg) (22 Points)
Replied 20 August 2018

I was working in office they always providing us form 16 at the last of the month called leave salary form. I want to know about this form so I took help from topdissertations.org/papersowl-review they told me that what leave salary meaning.I was working in office they always providing us form 16 at the last of the month called leave salary form. I want to know about this form so I took help from ninja essay they told me that what leave salary meaning.


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