Question

Sir is this amount taxable?

Answer 1

Final settlement benefits received after resigning from a private job (like gratuity, leave encashment, provident fund, etc.) are taxable depending on their nature.
Some components (e.g., provident fund, gratuity from an approved fund) may be exempt.
Others (like leave encashment or bonuses) are treated as salary and taxed accordingly.
These must be reported under the “Salary” head in the income tax return.
Proper documentation helps claim any applicable exemptions or reliefs.