TDS ON PAYMENT OF LEAVE ENCASH & GRATUITY
This query is : Resolved
06 February 2008
Dear Sir,
Is TDS has to be deductd on the payments made to legal heirs of employee on Death , towards the payment of Gratuity and Leave salary. Urgernt pl clarify
gunasekar
Is TDS has to be deductd on the payments made to legal heirs of employee on Death , towards the payment of Gratuity and Leave salary. Urgernt pl clarify
gunasekar
06 February 2008
Payments of gratuity as per section 10(10) of Incometax Act 1961 and Payment of leave encashment u/s 10(AA)are exempt to th extent mentioned therein.
12 February 2008
Leave encashment at the time of retirement or otherwise is exempted from Tax even if it is paid to the legal hiers of the employee under section 10(10AA)(ii)
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