Mr. Rohit a non-Government employee has the following salary details : a. Basic Salary 5,000 p.m. b. D.A. 2,000 p.m. c. Entertainment Allowance 300 p.m. d. Professional tax paid by employee 600 e.LIC Premium paid by employer 3,600 f. Income tax paid by employee 2,000 g. Professional tax paid by employer on behalf of employee 1,600 Find hielt s17 Computation of taxable salary Mr. Rohit for the A.Y.2019-20 Details () Amount() 60.000 24,000 3.600 27,600 1.600 Particulars Basic Salary Allowances Dearness Allowance Entertainment Allowance Taxable perquisite Professional tax paid by employer LIC Premium paid by employer Gross Taxable Salary Less: Deduction u's 16(ia) Standard Deduction 16(ii) Entertainment allowance (Assessee is a Non- government employee) 16(iii) Professional Tax ( 1,600 + 600) Taxable Salary 3.600 5.200 92.800 40,000 Nil 2200 42.200 50,600 ILLUSTRATION Mr. Das retired on 31/3/2019. At the time of retirement, 18 months leave was lying to the credit of his account. He received leave encashment equivalent to 18 months Basic salary 1.26,000. His employer allows him 1/2 months leave for every completed year of service. During his tenure, he availed of 12 months leave. At the time of retirement, he also gets D.A. 3,000. His last increment of 1,000 in basic was on 1/4/2018. Find taxable leave encashment