gratuity
This query is : Resolved
20 August 2009
DEAR SIR/MADAM
A PERSON GET HIS NAME STRUCK OFF FROM THE EMPLOYEE REGISTER (I.E. PERMANENT EMPLOYEE) AND CONTIURE SERVCE AS TEMPORARY EMPLOYEE AND GET HIS GRATUITY PAYMENT. AFTER SOME MONTHS HE AGAIN GET ON ROLL AS PERMANENT EMPLOYEE.
NOW THE GRATUITY RECEIVED AT TIME OF FIRST STRIKE OFF AS PERMANENT EMOLOYEE WILL BE FULLY TAXABLE OR EXEMPTION AS AVAILABLE TO EMPLOYEES OF PRIVATE COMPANY AT TIME OF RETIREMENT WILL BE AVAILABLE.
PLEASE SUGGEST.
A PERSON GET HIS NAME STRUCK OFF FROM THE EMPLOYEE REGISTER (I.E. PERMANENT EMPLOYEE) AND CONTIURE SERVCE AS TEMPORARY EMPLOYEE AND GET HIS GRATUITY PAYMENT. AFTER SOME MONTHS HE AGAIN GET ON ROLL AS PERMANENT EMPLOYEE.
NOW THE GRATUITY RECEIVED AT TIME OF FIRST STRIKE OFF AS PERMANENT EMOLOYEE WILL BE FULLY TAXABLE OR EXEMPTION AS AVAILABLE TO EMPLOYEES OF PRIVATE COMPANY AT TIME OF RETIREMENT WILL BE AVAILABLE.
PLEASE SUGGEST.
20 August 2009
Only gratuity at time of retirement is exempt.
So the same shall be taxable in ur case.
If he claims exemption for the 1st gratuity, then same cannot be availed 2nd time.
So the same shall be taxable in ur case.
If he claims exemption for the 1st gratuity, then same cannot be availed 2nd time.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- NRI starting business in India
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Resigning a auditor from the company for misconduct
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- EXPORT COMMERCIAL INVOICE HSN CODE
- Capital gain on sale and purchase of plot
- Form 140 tds
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
