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Income taxability

Tax queries 165 views 1 replies
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Account and Tax Consultant
43 Points Posted on 19 March 2018

A GOVT EMPLOYEE EXPIRED ON 05/12/2016.

FOLLIWING AMOUNT RECEIVED BY HIS FAMILY

HIS GROSS SALARY WAS RS. 54000/-

GRATUITY - 950000/-

PF - 2165000/-

EX-GRATIA - 600000/-

LEAVE ENCASHMENT - 465000(AFTER TDS)

DBF(SOCIETY DEATH BENEFIT FUND) - 165000/-

WHAT IS THE TAXABILITY FOR FILLING INCOME TAX RETURN???

 

 

 

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On 19 March 2018 at 11:41 Report
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Taxation
38 Points Posted on 19 March 2018
Gratuity fully exempt for govt employess u/s10(10A). PF is exempt u/s 10(12). Leave encashment fukky exempt for govt employees u/s 10(10AA). Ex gratia is not taxable as it is a financial benefit to deceased family no employer employee relation exists refer circular no 309 dated 3-7-1981. Taxability Salary taxable 54000 Add society fund 165000 Gross income 219000
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On 19 March 2018 at 12:09


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