17 March 2015
I want to know about TDS liability on Taxable Gratuity Amount. Who is responsible for deducting TDS on Gratuity if amount of Gratuity is more than 10,00,000.00 from below mention list: 1. comapny 2. Gratuity Trust of Company 3. LIC
and Please Suggest Sec of Income Tax Act under which TDS is deducted.
17 March 2015
Gratuity is included in the definition of salary. The person responsible for payment of GRATUITY is required to deduct income tax, appropriately.
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