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
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)
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