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retairment benefits of banks employ

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07 December 2016 one of my client is a nationalized bank employ. the retirement benefits is taxable or not please explain?

08 December 2016 Leave encashment in excess of 3 lacs is taxable.
Bank might have deducted TDS on taxable retirement payments.

08 December 2016 For detail I suggest following links :-
http://finotax.com/income-tax/info/retirement-benefit
http://taxguru.in/income-tax/taxability-retirement-benefits.html




08 December 2016 sir in case of gravity? he is a nationalized bank employ

09 December 2016 Are you covered under Payment of Gratuity Act ?

10 December 2016 working in a nationalized bank I feel that is under gratuity act

10 December 2016 Then it is exempted equal to 15days salary for every completed year of service subject to maximum of Rs. 10 lakh.



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