Tds on gratuity

TDS 243 views 4 replies
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Company Secretary
109 Points Joined June 2016

Deat All,

Is the employer required to deduct tax on the gratuity even if the amount of Gratuity paid is less than 10 Lakhs...?

To my knowledge Tax need not be deducted if the amount is less than the exempted amount of gratuity u/s 10 (10).

Kindly Clarify

Thanks in advance

Vignesh P

 

 

 

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On 29 July 2018 at 15:24 Report
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50 Points Joined December 2015
Tds deducted under section192'.......as it is taxable under head salary
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On 29 July 2018 at 15:26
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Company Secretary
109 Points Joined June 2016

Thank you for the quick revert friend.... but is it regardless of the Amount...? TDS appllies only for the Taxable portion of gratuity right...?

 

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On 29 July 2018 at 15:38
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50 Points Joined December 2015
Yes yds will be ddeducted only on the amount which is taxable......on exempt portion no tds
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On 29 July 2018 at 15:51
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12244 Points Joined May 2017
actually there's no necessary to deduct TDS when it's less than 2000000 (increased from 1000000) however to be on safer side most of the employers deduct tds
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On 29 July 2018 at 18:59


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