Hello, Please guide me on this.
Where to show PF withdrawal on retirement by teacher - in ITR1.
Where to show Gratuity received by teacher on retirement.
Both are exempted incomes, I think so.
Pleae guide where I show this in ITR1 form,
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PF withdrawal in IT
Replies (3)
Quick Summary
it should be reported under head of Salary income and mention these are received at the time of retirement.
Thank you Mr. Jayasurya for your reply.
But my query is where & how to show PF withdrawal & Gratuity in Exempted Income, which section exactly.
Gratuity shall be exempted u/s 10(10) and PF wuthdrawl shall be exempt u/s 10(11) of income tax act1961. assuming this Provident fund is recognised by CG.
Thank you,
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