Tds applicability on gratuity payment
This query is : Resolved
15 February 2014
Whether TDS is to be deducted by employer on payment of gratuity to employees?
15 February 2014
only where the gratuity amount exceeds the exemption amount as calculated under section 10(10) of the Income-tax Act, TDS shall be deducted. Otherwise no.
16 February 2014
Hi
An employee when he works more than a minimum period of five years at an organizationan then gratuity received upto Rs. 10 lac is exempted.
Refer for more details: https://www.caclubindia.com/articles/gratuity-and-its-allowable-exemption-limit-15191.asp
Thx
An employee when he works more than a minimum period of five years at an organizationan then gratuity received upto Rs. 10 lac is exempted.
Refer for more details: https://www.caclubindia.com/articles/gratuity-and-its-allowable-exemption-limit-15191.asp
Thx
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- NRI starting business in India
- TDS Deducted AY-2013-14 Not Reflected in 26as
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Eway bill not cancelled within 24 hous what can be due
- Filling ITR - U
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
