Hi,
I believe both gratuity and PF are tax-free. They are for the employment spanning more than 12 years in a private software firm. Please confirm. If yes, I would declare along with incomes like dividends.
Regards,
Harsha
Harsha (Software professional) (214 Points)
08 July 2013Hi,
I believe both gratuity and PF are tax-free. They are for the employment spanning more than 12 years in a private software firm. Please confirm. If yes, I would declare along with incomes like dividends.
Regards,
Harsha
Akshata
(CA Final )
(324 Points)
Replied 08 July 2013
Are u talking about PF & gratuity recd after retirement? Dint get ur question.
Pls clarify.
Harsha
(Software professional)
(214 Points)
Replied 08 July 2013
Akshataji, sorry for the confusion.
It is not exactly retirement due to age. I have resigned and got my PF. Also in our salary, there was a component gratuity. I have received that too
Regards,
Harsha
Akshata
(CA Final )
(324 Points)
Replied 08 July 2013
Gratuity recd during job (including resignation) is taxable.
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