retairment benefits of banks employ
This query is : Resolved
07 December 2016
one of my client is a nationalized bank employ. the retirement benefits is taxable or not please explain?
08 December 2016
Leave encashment in excess of 3 lacs is taxable.
Bank might have deducted TDS on taxable retirement payments.
Bank might have deducted TDS on taxable retirement payments.
08 December 2016
For detail I suggest following links :-
https://finotax.com/income-tax/info/retirement-benefit
https://taxguru.in/income-tax/taxability-retirement-benefits.html
https://finotax.com/income-tax/info/retirement-benefit
https://taxguru.in/income-tax/taxability-retirement-benefits.html
08 December 2016
sir in case of gravity? he is a nationalized bank employ
09 December 2016
Are you covered under Payment of Gratuity Act ?
10 December 2016
working in a nationalized bank I feel that is under gratuity act
10 December 2016
Then it is exempted equal to 15days salary for every completed year of service subject to maximum of Rs. 10 lakh.
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