Tax treatment of terminal benefits
Anand Sharma (employer) (25 Points)
24 November 2015Anand Sharma (employer) (25 Points)
24 November 2015
babugr
(dgm)
(489 Points)
Replied 24 November 2015
Gratuity exempt u/s 10
PF exempt u/s 10
salary arrears -- taxable
leave encashed combined with sick leave is exempt upto 3 lacs
exgratia if any is exempt
1/3 commuted pension is exempt u/s 10
other tax deductions would be applicable like 80c, 80 d etc. ITR to be filed by spouse on behalf of employee