Gratuity

[olympia]

Dear All,
tell me where to enter the Gratuity amount in Income Tax Return?

[LapTop]

Clause 13 of SECOND SCHEDULE parho,,,,,,,,,

[olympia]

parha lia or treatment aise hi kia he.
i just want to confirm that we enter grauity amount in Col-80 of income tax return?

[LapTop]

Olympia baji,,,

Gratuity salary ka hisa hoti hay, ye exempt bhi ho sakti hay or taxable bhi, agar taxable hay to taxable salary may shamil ho gi or agar exempt hay to exempt salary income may shamil ho gi,,,

ye Employment Termination Benefits nahhi ho sakti hay,

[olympia]

laptop bhai taxable salary main add ker k likha tha payable a raha he

for example
Taxable income he 1,400,000 Bonus is Rs 150,000 & Gratuity Income is Rs 800,000 what is the treatment?

<font color="blue">as per my nderstanding
Rs 1,400,000 is entered in Col-16
Rs 150,000 is in Col-17
& Rs 800,000 is in Col-80</font id="blue">

[LapTop]

salary income ka jo part bhi exempt ho ga wo col. No. 28 may aaye ga. yani 8000000 col. no. 28 may likho

[olympia]

i m talking about taxable gratuity amount not the exempted gratuity amount.....

[LapTop]

ARY TO SIDHA SIDHA ADD KAR DO NA TAXABLE SALARY MAY

[olympia]

nahi ho raha he aise tax aamount payable a rahi he...

[LapTop]

4. Gratuity deemed to be salary. — Where any gratuity is paid to an employee during his life-time, the gratuity shall be treated as salary paid to the employee for the purposes of this Ordinance.

ap salary or gratuity ko alahda aladda tasavor kar rahi ho, gratuity par alahda say calculation nahi ho gi balky salary k sath hi is ki calculation ho gi yani salary income may add kar k,

jitni gratuity exempt hay wo exempt salary may add ho gi, or jitni gratuity taxable hay wo taxable salary may add ho jaye gi,, phir tax calculation ho gi,

[Information Consultant]

example say samajh may aay ga

[olympia]

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by LapTop</i>
<br />4. Gratuity deemed to be salary. — Where any gratuity is paid to an employee during his life-time, the gratuity shall be treated as salary paid to the employee for the purposes of this Ordinance.

ap salary or gratuity ko alahda aladda tasavor kar rahi ho, gratuity par alahda say calculation nahi ho gi balky salary k sath hi is ki calculation ho gi yani salary income may add kar k,
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

gratuity ko salary income main add kerain to tax rate bohat high ho jata he is lie us ka treatment alag se ker lain to theek ho ga...

[LapTop]

hahahahahaha,,, Olympia ji,,

agar ki shaks ki salary 30,00,000 hay to us ka bhi to tax rate zayada ho ga na, kya ham usy bhi 1500,000 k do part may taksim kar k tax calculate kar sakty han kya tax rate kam karny k liye hahahahahahahahahahah

Oiympia kanooo khowahishat par nahi chalta ji,,,,, fect par chalta hay,

[olympia]

Gratuity is seprate block of income.

2. Tax on Gratuity payment from unapproved gratuity scheme is computed on the basis of preceding three years average rate i.e. 14% as given in the question, if this amount is added in the current year's income along with golden handshake payment then applicable tax rate will be 19%. (Circular # 17 of 1959, Circular # 16 of 1967, C. # 4(23)-IT-3/77, 30/10/77)

give ur opinion laptop

[LapTop]

(2) Salary means any amount received by an employee from any employment, whether of a revenue or capital nature, including —

(a) any pay, wages or other remuneration provided to an employee, including leave pay, payment in lieu of leave, overtime payment, bonus, commission, fees, <b>gratuity </b> or work condition supplements (such as for unpleasant or dangerous working conditions)