18 January 2024
Sir based on the facts and figures given below
An Employee who was working with a pvt company (coming under the purview of gratuity act) ,for the past 10 yrs resigned after working for 3 months in the fy 23-24
Gross earnings for 3 months- 300000 El encashment on resignation-150000 Gratuity-500000
Deductions
Pf -20000 Standard deduction-50000
He had chosen old tax regime at the beginning of the fy .Also no tds was deducted for the period april 23 to june 23.
Now gratuity and el cashment is to be settled.
1) Plz clarify if any tds is to be recovered. 2) Whether gratuity is to be included in the calculation of total earnings or not.
CAclubindia
