Graduity
This query is : Resolved
30 November 2014
Dear Sir/Mam
1.Is Deductor liable to deduct TDS on Graduity Payment. If Graduity Amt is 30Lacs.
2. If a govt. Employee receiving graduity is fully exempt, but if he take the full graduity amt 2 days before the retirement then it will make any difference for the purpose of exempt.??
1.Is Deductor liable to deduct TDS on Graduity Payment. If Graduity Amt is 30Lacs.
2. If a govt. Employee receiving graduity is fully exempt, but if he take the full graduity amt 2 days before the retirement then it will make any difference for the purpose of exempt.??
30 November 2014
Hi
Yes TDS is to be deducted since it is exempt upto Rs. 10 lacs if no gratuity is received by employee earlier.
grat. received by govt. employer is exempt..
Yes TDS is to be deducted since it is exempt upto Rs. 10 lacs if no gratuity is received by employee earlier.
grat. received by govt. employer is exempt..
05 December 2014
Thanks A lot sir...........
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- Should I report my US salary for January, February, March in Schedule FA?
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
