Hi,
CAn anyone please advise me on how to show Gratuity on Form 16.
Should we show total amount under salary (Section 17) and the exemped amount under section 10?
Many thanks in advance.
Malathi Palla (Prodct Manager) (28 Points)
10 June 2014Hi,
CAn anyone please advise me on how to show Gratuity on Form 16.
Should we show total amount under salary (Section 17) and the exemped amount under section 10?
Many thanks in advance.
C.A. Jignesh N. Mehta
(C.A.)
(1030 Points)
Replied 10 June 2014
Salary - taxable amount before perquisite and prof tax - XXXX
Add Perqs
Less allowance exempt u/s 10
Conveyance - XXX
Medical - XXXX
Gratuity - XXXX
etc - XXXX
Less Prof Tax
Taxable Salary
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