Hello,
I am a retired Central Government official & a senior citizen. I have claimed and received interest on delayed payment of Gratuity as per CCS(Pension) Rules, 1972, during the current financial year. I wanted clarification as to whether this is taxable income?
Thanks in advance.
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Interest on delayed payment of Retirement Gratuity
Replies (5)
interest received on delayed payment of gratuity is chargeable to tax
Yes, taxable.
Yes, that will be Taxable.
Thanks. May I know the Section/Rules of IT Rules please.
under section 56 it's chargeable to tax
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