TAXABILITY OF INTEREST ON DELAYED PAYMENT OF GRATUITY
This query is : Resolved
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RAKESH BALLABH
(Querist)
25 February 2023
Can anyone give me correct information as to whether the interest amount received by a central govt. pensioner on the delayed payment of gratuity is taxable or exempt as retirement benefits . thanks
25 February 2023
It is taxable.
RAKESH BALLABH
(Querist)
25 February 2023
Under which section of I T Act
25 February 2023
All such interest income is taxable under head “Other sources”. You will be liable to tax based on your income slab.
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