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Tax treatment of terminal benefits
dear ones
can u please explain the treatment of gratuity. pf. arrears of salary. in the hands of widow of deceased govt. employee. plz help
Replies (1)
Gratuity exempt u/s 10
PF exempt u/s 10
salary arrears -- taxable
leave encashed combined with sick leave is exempt upto 3 lacs
exgratia if any is exempt
1/3 commuted pension is exempt u/s 10
other tax deductions would be applicable like 80c, 80 d etc. ITR to be filed by spouse on behalf of employee
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