Tds on retirement benefits u/s 192
This query is : Resolved
CA Deepak jain
(Querist)
12 March 2019
One employee is retiring on 31.03.2019. However due to some conditions under employment retirement benefits like Pl encashment, gratuity etc which is due on his retirements will only be paid in next year in April-19. Whether TDS could be deducted in fy 2018-19 on accrual basis or will be deducted in next FY at the time of payment?
Thanks
Thanks
13 March 2019
tds not to be deducted on retirement benefits like Leave encashments, pf, gratuity etc. these are taxfree benefits
CA Deepak jain
(Querist)
13 March 2019
This all are not total tax free ..What about the amount which is taxable beyond the exemption limit
Dhirajlal Rambhia
(Expert)
27 September 2021
TDS to be deducted on accrual basis.
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