banner_ad

About Exgratia bonus

This query is : Resolved 

16 March 2026 Dear sir/ madam...
1.my pay slip does not contain Ex gratia payments and Employer PF and Employee gratuity contributions, but my Annual salary statement has these elements...now i'm calculating tax under new regime, i have to take all these elements into tax calculation or leave all the three or to take what element...
2.If my income is above Rs.12,00,000 after standard deduction, i have to take rebate of 60k and pay balance amount of tax or total tax to be payable.. please help me...

17 March 2026 For your tax calculation, add Ex-gratia to your taxable income, but leave out the Employer PF (up to 12%) and Gratuity contributions. Under the new tax regime, the Rs. 60,000 rebate is only available if your income is up to Rs. 12,00,000. If your income exceeds this, you lose the rebate entirely and must pay the total calculated tax, though "Marginal Relief" will cap your tax liability if your income is between Rs. 12 Lakhs and Rs. 12.75 Lakhs.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details