Exempt income
This query is : Resolved
17 August 2014
my client is state govt employee recived after retirement gratuity 840000 comuted pension 910000 and GPF 845000. my quiry is what whole amount are exempt and how to show in itr.
17 August 2014
Whole amount is exempt from Tax [GPF under Section 10(11) & 10(12), Commuted Pension u/s 10(10A)]. Since it is exempted income you will be required to file ITR2. Show the amount in exempted Income Sheet under Sl No.5 Others.
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