TDS ON GRAUITY

This query is : Resolved 

(Querist)
30 July 2009 my company has paid gratuity to its employee on the basis of actual payment . what will be its treatment in books of accounts.will tds be deducted while making the payment and if yes then at what rate

would the treatment be different in case if only amt is due without acturial valuation and not the actual payment made.

31 July 2009 For calculating tax on Gratuity, please see sec 10(10) which exempts gratutyto the extent mentioned in the section. over and above that exemption will be included in his salary income and tax to be computed accordingly.

31 July 2009 For calculating tax on Gratuity, please see sec 10(10) which exempts gratutyto the extent mentioned in the section. over and above that exemption will be included in his salary income and tax to be computed accordingly.


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