Updated Online video classes available for CA,CS,CMA for May20 and Nov20 batch. Call: 1800-3000-0505

Gratuity in ITR


Raj Thakkar (ARTICLE)     20 August 2019

Raj Thakkar
ARTICLE 
 5 likes  308 points

| My Other Post

where to disclose the amount received as gratuity at the time of retirement in the ITR-1 while filing returns of income? Please guide..

avater

Kapadia Pravin   20 August 2019

Kapadia Pravin

 886 likes  13746 points

View Profile | My Other Post

To the extent it is exempt show under Exempt income and rest if any as taxable under salary head

Raj Thakkar (ARTICLE)     20 August 2019

Raj Thakkar
ARTICLE 
 5 likes  308 points

View Profile | My Other Post

Thank you sir for your reply, under exempt income for reporting purposes field nothing is given about gratuity but the details about the same is mentioned in exempt allowance field so should I first include whole amount in the salary and then mention the amount equal to exempt gratuity in the given field? Please guide..

avater

Kapadia Pravin   20 August 2019

Kapadia Pravin

 886 likes  13746 points

View Profile | My Other Post

Taxable amount under salary head and exempt amount under exempt income schedule.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Popular Discussion


view more »