From the following particulars, calculate gross taxable salary of Mr. Ashish for the A.Y.

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 To calculate the gross taxable salary of Mr. Ashish, we need to first calculate his taxable income from salary.

1. Basic Pay: ₹10,000

2. Dearness Allowance (D.A.): Since the terms of employment are not provided, we assume D.A. at 50% of the basic pay, which comes to ₹5,000.

3. Bonus: ₹5,000

4. Gratuity: The exemption limit for gratuity is ₹20 lakhs. However, as per the details provided, the taxable part of gratuity received is ₹3,00,000. Since Mr. Ashish has completed 35 years of service, the gratuity received is exempt up to a maximum limit of ₹20 lakhs. Therefore, the taxable amount of gratuity received is ₹3,00,000 - ₹20,00,000 = Nil.

5. Leave Encashment: The exemption limit for leave encashment is the least of the following: a. Amount actually received b. Cash equivalent of unutilized leave calculated as per the terms of employment c. ₹3 lakhs In this case, the actual amount of leave encashment received by Mr. Ashish is ₹1,50,000. Since he has consumed 28 months of leave during his service, we assume that he is eligible for encashment of 4 months of leave (i.e., 32 - 28 months). The cash equivalent of 4 months of leave at ₹15,000 per month comes to ₹60,000, which is lower than the actual amount of leave encashment received. Therefore, the taxable amount of leave encashment is ₹1,50,000.

Therefore, the gross taxable salary of Mr. Ashish for the A.Y. 2022-23 would be:

Gross Salary = Basic Pay + D.A. + Bonus + Taxable Gratuity + Taxable Leave Encashment = ₹10,000 + ₹5,000 + ₹5,000 + ₹0 + ₹1,50,000 = ₹1,70,000

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