Gratuity deduction
This query is : Resolved
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
(Expert)
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.
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
Revert for more clarity.
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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
Revert for more clarity.
Use thank button to convey your appreciation.
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