07 July 2022
MY CLIENT IS A GOVERNMENT EMPLOYEE AND HE RECEIVE GRATUITY AMOUNT RS. 29,50,000. MY QUESTION IS GRATUITY RECEIVED BY GOVT. IS FULLY EXEMPT OR NOT. GOVERNMENT ALSO DEDUCT TAX AT 15% ON RS. 9,50,000 AND RS. 20,00,000 IS SHOWN AS EXEPMT PORTION IS IT CORRECT. IF THIS IS CORRECT, IN ITR TAXABLE VALUE RS. 9,50,000 IS SHOWN UNDER SALARY HEAD OR NOT. BECAUSE WE CAN NOT CLAIM TDS ON EXEMPTED AMOUNT. I AM CONFUSE RS. 9,50,000 IS SHOWN AS TAXABLE PORTION OR NOT.
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