I changed my job in the month of July 2005 from a PSU where i as working for over 10 years. I received gratuity as terminal benefit . I also withdrew my entire PF balance with the employer, on leaving thejob. I joined another job where my PF is being deducted regularly. Thus for FY2006 i will have my Form 16 from two employers.
Please let me know
whether gratuity is exempt from tax
whether PF withdrawal is taxable.
thanks and regards
CAclubindia
