govt. employees for income tax purpose
This query is : Resolved
22 July 2015
A person who has retired from Nationalised bank. For the purpose of calculation of Income tax on gratuity do we have to consider him a GOVT. EMPLOYEE or not as this consideration creates huge distinction in taxability.
22 July 2015
Income tax on Gratuity is exempted for Nationalized bank, it is as per Gratuity Act. Bank employees are not Govt. employees.
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