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.
CA R SEETHARAMAN
(Expert)
04 January 2020
This will not trigger the error. Calculation is okay but totally exempt upto 20 lacs only.
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