Sir,
I have two queries.
1) My client retired on 31/3/20. He received PF amount on 4/4/2020.
In which AY this PF amount to be shown in ITR.
2) He commutes 1/3 Pension and rec'd the amount on 31/3/2020 but FORM-16 not showing the amount.
what is to be done.
request your valuable advice on both.
regards.
Tapan bose
Menu
Benefits on retirement
Replies (4)
In the case of Govt. Employees, Pension Commutation amount, DCRG and Terminal Surrender of Earned Leave are exempted from Income Tax.
Sir, psu employee. should pf amount to be shown in ITR?
Final settlement of GPF is fully exempted form Income Tax.(80C)
1) Tax that pf in py 20-21
2)govt emplee commuted pension - not taxable
non govt emplee communted pension
gratuity received - 1/3 exempted
gratuity not received-1/2 exempted.....
2)govt emplee commuted pension - not taxable
non govt emplee communted pension
gratuity received - 1/3 exempted
gratuity not received-1/2 exempted.....
Recent Topic
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
Related Topics
CAclubindia
