Krishna (Senior Engineer (QA)) (85 Points)
29 June 2018Hi
My Father has recently retired from a bank, he has got his gratuity and PF amount at the time of his retirement. Is it mandatory to declare the gratuity and PF in ITR? Please give me information on where i have to declare and get exemption on ITR1.
I think gratuity will not be displayed/included in FORM 26-AS. So is it advisable to declare gratuity?
Thanks
Krishnakumar
Krishna
(Senior Engineer (QA))
(85 Points)
Replied 30 June 2018
can someone please help me on this ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160886 Points)
Replied 30 June 2018
Its always advisable to declare any such exempted income in schedule 'exempted income' against exemption sub/section.
Krishna
(Senior Engineer (QA))
(85 Points)
Replied 30 June 2018
Ok Sure, is there any section i have to declare and claim in the ITR form?
Krishna
(Senior Engineer (QA))
(85 Points)
Replied 30 June 2018
I am not able to see "Exempted Income" ITR 1, where can i find it?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160886 Points)
Replied 30 June 2018
No, but to avoid future query......
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160886 Points)
Replied 30 June 2018
Schedule 'Taxes Paid and Verification' .......
| 27 | Exempt income (For reporting Purposes) | |||
| a | Sec.10(38) (Exempted Long term Capital Gains) | |||
| b | Sec.10(34) (Exempted Dividend Income) | |||
| c | Agriculture Income (≤ Rs.5000) | |||
| d | Others | |||
| Sl.No | Nature of Income | Descripttion ( If 'Any Other' selected) | ||
| 1 | (Select) | NA | ||
| 2 | (Select) | NA | ||
| 3 | (Select) | NA | ||
Krishna
(Senior Engineer (QA))
(85 Points)
Replied 30 June 2018
ok thanks, got it. under which section i have to declare both EPF & Gratuity
SHIRISH S S
(Proprietor)
(1016 Points)
Replied 30 June 2018
Click on the small arrow in the cell. A drop down menu occurs. The section no and the descripttion is there. Select whatever is appropriate. Add rows if necessary.
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