urgent :- gratuity income

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Sanjay Kumar (Querist)
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08 June 2011 i retired in 2008 and received gratuity 461463/-.

in f.y. 2010-11 i received arear gratuity 181560/- so what is treatment of this income
in itr

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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11 June 2011 In case you are a Non-Govt employee, in my view, it is going to be taxable income as maximum benefit allowable to you of Rs.3.50lac must have been exhausted by you at that time. .

Sanjay Kumar

Sanjay Kumar (Querist)
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12 June 2011 Employee in Syndicate Bank
than what is treatment

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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12 June 2011 Syndicate Bank employees are not defined as Government employees. The amount as such received by you will be treated as taxable.
However, provisions of claiming relief U/s 89 are available and for that you have to
get services of a CA.

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