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Benefits after retirement

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I retired from my service at the age of 58 years complited on 01.10.23

In regard of my retirement my quries are as under.
1.Can I take Rs.50000 standard deduction benefit for the service April 23 to sept.23

2. Is leave encashment received after retirement is exempted & require to show in return .

3. Gratuity amount & Employee P.F.amount received is exempted ,is require to show in return ( exempted in which section )

4.Showing in return means - taking consideration in total income from salary & then same amount taking deduction under relevant section , is it correct ?

Please guide.
Replies (4)

1. Yes

2. It is exempted upto 25 lakhs u/s 10. But needs to be calculated. 

3.exempted u/s 10

4. right. 

Better to get a professional do this work. 

 

 

You will get all details
To show pf & gratuity amt. in income tax return is mandatory or not ( Bcoz it is exempted )
Its mandatory


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