Hi sir
I have retired from a private organisation. The tax on my gratuity amount, is paid by my organisation. So i have 2 questions here
1. Will this tax on my gratuity amount(paid by my organisation) be treated as an income for me and will this amount be taxable again.
2. How will they calculate perquisite for rent free accommodation in private, for the property owned by employer for the accommodation is in chennai city,
Should this tax on gratuity amount, extra salary and leave compensation allowance also be included during the calculation for rent free accommodation perquisite.
Waiting for your valuable reply
3 Answers
Dear Sir,
Do you mean to say that your origination has deducted TDS on your gratuity payment??
2 - Kindly consult a CA.
Related articles :
https://www.relakhs.com/gratuity-benefit-calculation-taxation-eligibility/
https://www.relakhs.com/leave-encashment-taxation-calculation/
https://www.relakhs.com/retirement-planning-calculator-3-easy-steps/
No sir tax on my gratuity is paid by my organisation, but that tax amount is shown as a income for me, so again i had to pay a tax for already taxed amount. So i want to know whether this process is correct
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