Salary return
This query is : Resolved
14 April 2016
A salary person had retired this year and get 3 month salary along with this he also get pf, gratuity etc is this is also taxable
Murtaza I Bhagat
(Expert)
14 April 2016
In the hands of a Government employee Gratuity and PF receipts on retirement are exempt from tax.
-- In the hands of non-Government employee, gratuity is exempt subject to the limits prescribed in this regard and PF receipts are exempt from tax, if the same are received from a recognised PF after rendering continuous service of not less than 5 years.
-- In the hands of non-Government employee, gratuity is exempt subject to the limits prescribed in this regard and PF receipts are exempt from tax, if the same are received from a recognised PF after rendering continuous service of not less than 5 years.
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