IT letter: gratuity received ismore than the threshold limit
This query is : Resolved
03 January 2020
Hi Sir/Madam,
I've received the below notice for AY 2019-2020. This amount X was received as a gratuity payout from my previous employer upon resignation. It seems like the claim is correct and the amount is calculated as per recommended formula of 1Month Basic Salary X 15/26 X Completed Years.
claim of deduction u/s 10(10) - death-cum-retirement gratuity received is more than the threshold limit Thanks
I wanted to Disagree online with this intimation but need some guidance on how to proceed with this.
Actually I have rejoined same employer after a gap of 1.5 Years. Do you think that can trigger this error.
I've received the below notice for AY 2019-2020. This amount X was received as a gratuity payout from my previous employer upon resignation. It seems like the claim is correct and the amount is calculated as per recommended formula of 1Month Basic Salary X 15/26 X Completed Years.
claim of deduction u/s 10(10) - death-cum-retirement gratuity received is more than the threshold limit Thanks
I wanted to Disagree online with this intimation but need some guidance on how to proceed with this.
Actually I have rejoined same employer after a gap of 1.5 Years. Do you think that can trigger this error.
04 January 2020
This will not trigger the error. Calculation is okay but totally exempt upto 20 lacs only.
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