banner_ad

Tax on gratuity and epf received

Tax queries 311 views 1 replies

Hi All!!

Could you please help me with the below: for AY 2018-19

1> EPF Received on leaving a company after serving more than 5 years is not taxable. No TDS. Also, it is not necessary to show this amount in the ITR. Please correct me if I am wrong.

2> Is Gratuity received on leaving the company after serving more than 5 years is not taxable??

Answers would be appreciated

 

Thanks & Regards

 

Replies (1)

 

You can classify both the above incomes under "Exempted Income" in the ITR form.under Exemption Income (for reporting purpose)  - one can select the right section from the drop down available - Sec.10(12) towards EPF and Sec.10(10)


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details