Relief u/s 89
This query is : Resolved
08 May 2015
FOR FY 13 14 AREAR PENSION RECEIVED RS 283107 GRATUITY RS 600000 IN FY 14 15.TOTAL PENSION RECEIVED FOR THIS FY RS. 320000.INTEREST EARNED RS.56000.INVESTMENT RS 53000.WHAT IS THE TAX IMPLICATION FOR THE AY 15 16
21 June 2015
ARREAR PENSION CAN BE BIFURCATED UNDER SECTION 89 OF THE ACT.
GRATUITY UPTO CETAIN LEVEL IS TAX FREE.
INTEREST IS TAXABLE.
GRATUITY UPTO CETAIN LEVEL IS TAX FREE.
INTEREST IS TAXABLE.
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