Respected Experts
I have a query regarding HUF.
If an employee working for a company wants a part of his gross salary be paid as a gift to HUF for an amount of not more than Rs 50000 can the organisation do so and if yes under what header will such a transaction be recorded as.
Also how can an individual having a HUF account save tax from the salary he draws from an organisation as an individual.
Please clarify.
Much Obliged
Roshini Arya

Respected Experts


I have a query regarding Tax deduction from salary Is it possible that gratuity being tax exempt be deducted from the very first month of joining a company

For eg Mr A joins a company XYZ ltd with a gross salary of Rs 12 lacs PA.His basic gross salary is 40% of his gross salary which is Rs 480000 pe and gratuity is given to him at the rate of Rs 276923.08 PA. This amount of gratuity is part of his CTC of Rs 12 lacs but is exempt from IT as the limit is Rs 10L.

If it is OK to pay then should it be paid as a lump sum amount or every month as a head in the salary.

Can the organisation do this for a given employee to reduce his tax burden.


Please clarify my query. I would be much obliged


ROSHINI ARYA

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income under the head other source
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