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.
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