03 June 2011
Sir I amn sanjay. I want your advise on the gratuty recieved by the public undertaking covered under central govt employee for Rs 800000/-out of which 350000/- recieved in the last financial year and the balance in the current financial year. The co has deducted tax at source on the amount of Rs500000/-. Is the point of deduction of tax is right or not? According to my knowledge the limit of excemption is Rs10 Lacs. Kindly advise if i can claim for refund or not. thanks and regards sanjay
CAclubindia
