Tds applicability on gratuity payment
This query is : Resolved
15 February 2014
Whether TDS is to be deducted by employer on payment of gratuity to employees?
15 February 2014
only where the gratuity amount exceeds the exemption amount as calculated under section 10(10) of the Income-tax Act, TDS shall be deducted. Otherwise no.
16 February 2014
Hi
An employee when he works more than a minimum period of five years at an organizationan then gratuity received upto Rs. 10 lac is exempted.
Refer for more details: https://www.caclubindia.com/articles/gratuity-and-its-allowable-exemption-limit-15191.asp
Thx
An employee when he works more than a minimum period of five years at an organizationan then gratuity received upto Rs. 10 lac is exempted.
Refer for more details: https://www.caclubindia.com/articles/gratuity-and-its-allowable-exemption-limit-15191.asp
Thx
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- TDS Challan Code
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Agriculture income or business income
- 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
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
