Tds applicability on gratuity payment
This query is : Resolved
15 February 2014
Whether TDS is to be deducted by employer on payment of gratuity to employees?
15 February 2014
only where the gratuity amount exceeds the exemption amount as calculated under section 10(10) of the Income-tax Act, TDS shall be deducted. Otherwise no.
16 February 2014
Hi
An employee when he works more than a minimum period of five years at an organizationan then gratuity received upto Rs. 10 lac is exempted.
Refer for more details: https://www.caclubindia.com/articles/gratuity-and-its-allowable-exemption-limit-15191.asp
Thx
An employee when he works more than a minimum period of five years at an organizationan then gratuity received upto Rs. 10 lac is exempted.
Refer for more details: https://www.caclubindia.com/articles/gratuity-and-its-allowable-exemption-limit-15191.asp
Thx
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