X was employed with ABC ltd.He retired with 1.2.17 after completing a service of 24 years and 4months.He submits the following info

basic salary:₹25000 pm

da:100% of salary(40%of which forms part of retirement benefits)

last increment ₹2500 w.e.f 1.7.16

he recd leave encashment amounting to ₹280000 on account of accumulated leave of 240 days.He was entitled to 40 days leave for every year of service.

compute taxable leave encashment.