Interest on deferred payment of Gratuity ...regarding
This query is : Resolved
02 September 2021
I took VRS from BSNL on 31-01-2020 under VRS 2019 scheme. The Gratuity payable was deferred till I attain the age of superanuuation ( i.e. 28-02-2021) and i received my gratuity payment during March 2021.
Department of Telecom released by Gratuity of 20 Lakhs with interest of Rs.1.65 Lakhs. Is this interest
paid on deferred payment of Gratuity is taxable. If so under please quote the Section under which Income Tax is to paid. If it is exempted from paying Income Tax, please quote the section under which it is exempted.
Department of Telecom released by Gratuity of 20 Lakhs with interest of Rs.1.65 Lakhs. Is this interest
paid on deferred payment of Gratuity is taxable. If so under please quote the Section under which Income Tax is to paid. If it is exempted from paying Income Tax, please quote the section under which it is exempted.
02 September 2021
Interest paid on deferred payment of gratuity is taxable. TDS might have been deducted on the interst payment. It's taxable under income from other sources.
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Average Cost Of High Quality Diamonds
- Taxability of credit in canara bank ET & T section (NRO)
- ITR-3 File/Error Found
- Due Date Clarity
- NRI INSURANCE ADVISOR
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
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
