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Gratuity deduction

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Querist : Anonymous

Querist : Anonymous (Querist)

28 November 2012 If gratuity is part of the CTC than it will taxable on due basis or deduction u/s available?

Amol S Joglekar

Amol S Joglekar (Expert)
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28 November 2012 CTC may not be confused with FORM16. Offer form 16 incme for taxation on year on year basis. Gratuity, as and when form part of form 16 will automatically follow the above rule.

@VaibhavJ

@VaibhavJ (Expert)
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28 November 2012 Hi

It is not due to employe on monthly basis & payable on his leaving company if he has completed 4yrs & 240 days services.

So not to be added to employees monthly salary & TDS to be deducted.

Thanks//Vaibhav
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