Gratuity is deducted monthly by employer- dedn u/s. 80c ?
This query is : Resolved
04 March 2017
Hello everyone,
one of my clients salary slip is as under
basisc - 32500
HRA - 12500
Gratuity-1563/-
total - 46563
less: tds - 3000
less: gratuity-1563
net salary-42000
My question
can we claim deduction of gratuity under section 80C similar to EPF ??
one of my clients salary slip is as under
basisc - 32500
HRA - 12500
Gratuity-1563/-
total - 46563
less: tds - 3000
less: gratuity-1563
net salary-42000
My question
can we claim deduction of gratuity under section 80C similar to EPF ??
04 March 2017
No you can not claim gratuity deduction under section 80C of the Income Tax Act, 1961.
Exemption is allowed at the time of superannuation, retirement or resignation, death or disablement due to accident or disease-with some restriction.
Exemption is allowed at the time of superannuation, retirement or resignation, death or disablement due to accident or disease-with some restriction.
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
- STCG....................................................
- Supply through E-commerce Operators
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- TAN for Partnership
- Sales return eway bill
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- E way bill for tractors
- REGARDING GST LIABILITY/....
- Specified Profession
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Plot of land. Cost of Acquisition
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
