IT on Gratuity paid to resigned employee
This query is : Resolved
28 October 2023
Sir/Madam
Please clarify whether IT is to be deducted from gratuity paid to an employee who has resigned from the services of the company after serving for 11 continuous years.
Please clarify whether IT is to be deducted from gratuity paid to an employee who has resigned from the services of the company after serving for 11 continuous years.
28 October 2023
No income tax need to be deducted in case it's paid as per the provisions of gratuity act.
28 October 2023
Then who is responsible for paying gratuity on its taxable portion ?
What about the exemption calculation given under sec (10)10
What about the exemption calculation given under sec (10)10
28 October 2023
It's exempt as per section 10(10).
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