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Gratuity in ITR
where to disclose the amount received as gratuity at the time of retirement in the ITR-1 while filing returns of income? Please guide..
Replies (3)
To the extent it is exempt show under Exempt income and rest if any as taxable under salary head
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..
Taxable amount under salary head and exempt amount under exempt income schedule.
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