Where exactly to enter the exempt gratuity amount in itr2 for ay16-17

804 views 4 replies

Arvind

Individual

60 Points Joined July 2012

Dear CAClubIndia experts, I have gratuity amount which is full exempt (as per the 10L cap). Same is shown as allowance exempt u/s 10 in form 16 annex B. I am however confused where exactly in the ITR should I put the gratuity amount. I have already deducted this amount from the income under head salaries in schedule S. Should the 10L gratuity amount be shown in Schedule S of ITR2 under the heading 'allowances exempt under section 10, sub-heading 'Other allowances' OR should it be shown in Exempt Income schedule? Bit confused here, would appreciate your help!

Replies (4)

Dinesh Mertiya

PROFESSIONAL

761 Points Joined December 2009

in case of govt. employee, any death cum retirememt gratuity is exempt under section 10(10)

since gratuity is exempt income, you should file ITR-1

Dinesh Mertiya

PROFESSIONAL

761 Points Joined December 2009

you can show in D-20 line of ITR -1, above verifcation part

D20-Exempt Income only for Reporting Purpose (If agricultural income is more than Rs. 5000/- use ITR-2 or 2A)

Arvind

Individual

60 Points Joined July 2012

Thank you Dinesh. I was not in government employment (i was in private sector) and also i have capital gains from stock sale. So i have to file ITR-2. It would be great if you can advise under which appropriate schedule and head should I mention the exempt amount of gratuity in ITR-2?