gratuity
This query is : Resolved
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
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
03 June 2011
THE LIMIT IS TEN LAKH FROM 24-5-2010
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