Taxability of el & gratuity
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 August 2011
I am leaving my current job. There is EL balance of 125 days in my account & i also completed the five year period hence eligible for gratuity.
Kindly clearfy me weather these two i.e Earned Leave & Gratuity is taxable or not, if yes in which Financial Year.
I would be help me if you also quote section/clause in support of your answer.
Kindly clearfy me weather these two i.e Earned Leave & Gratuity is taxable or not, if yes in which Financial Year.
I would be help me if you also quote section/clause in support of your answer.
25 August 2011
Earned leave & Gratuity both are taxable in the year of receipt subject to the following exemption
Gratuity subject to section.10(10)
E.L subject to sec.10(10AA)
Gratuity subject to section.10(10)
E.L subject to sec.10(10AA)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 1: Details for showing Exempt Income
- Article ship defecit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
