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Dear Mr. Khola
I have worked in a company for nine year and getting Gratuiy Rs.3,37,000.00 for nine years service. As company has accrued Gratuity on Gross salary for every employee. Please advise do I have to pay Income Tax on this or not. Since we do not have Basic and DA system for Gratuity. Also for your Information company is paying PF on higer side for every one maximum Rs.6000.00.
Now auditor is saying I have to pay Income Tax on Gratuity as its on higher side.
I will be thankfull if you please reply at the earliest.
Thanks in advance.
Kuldip
From India, New Delhi
I have worked in a company for nine year and getting Gratuiy Rs.3,37,000.00 for nine years service. As company has accrued Gratuity on Gross salary for every employee. Please advise do I have to pay Income Tax on this or not. Since we do not have Basic and DA system for Gratuity. Also for your Information company is paying PF on higer side for every one maximum Rs.6000.00.
Now auditor is saying I have to pay Income Tax on Gratuity as its on higher side.
I will be thankfull if you please reply at the earliest.
Thanks in advance.
Kuldip
From India, New Delhi
Dear Sir
I have worked in a company for nine year and getting Gratuiy Rs.3,37,000.00 for nine years service. As company has accrued Gratuity on Gross salary for every employee. Please advise do I have to pay Income Tax on this or not. Since we do not have Basic and DA system for Gratuity. Also for your Information company is paying PF on higer side for every one maximum Rs.6000.00.
I will be thankfull if you please reply at the earliest.
Thanks in advance.
Kuldip
From India, New Delhi
I have worked in a company for nine year and getting Gratuiy Rs.3,37,000.00 for nine years service. As company has accrued Gratuity on Gross salary for every employee. Please advise do I have to pay Income Tax on this or not. Since we do not have Basic and DA system for Gratuity. Also for your Information company is paying PF on higer side for every one maximum Rs.6000.00.
I will be thankfull if you please reply at the earliest.
Thanks in advance.
Kuldip
From India, New Delhi
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Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc