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GRATUITY TAX DEDUCTION
Gratuity tax deduction denied due to ITR filing error? ITAT Chennai says genuine claims can't be rejectedDue to incorrect schedule in original ITR gratuity tax deduction under Section 43B denied; ITAT Chennai gives relief and says a genuine ded...- Rs 9.48 lakh income tax demand on coaching centre quashed: ITAT explains why attendance alone doesn't make contractual teachers employeesContractual teachers held as employees by the tax department and on this ground, Rs 9.48 lakh tax demand raised; ITAT Cochin rules administ...
- Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefitsThe "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, incl...
- ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
- Gratuity may rise under New Labour Code, but your income tax bill could tooThe Code on Social Security, 2020 expands the wage base for gratuity, potentially increasing payouts, but tax rules under the Income-tax Ac...
- New $25,000 tip tax deduction explained: who qualifies and how to claim itThe new $25,000 tip tax deduction applies from 2025 through 2028. File IRS Schedule 1-A to claim it. Only voluntary tips qualify. Income li...
- Budget 2026: Take home salary calculator for CTC of Rs 10 lakh, 12 lakh, 15 lakh and 20 lakhBudget 2026 brings no changes to tax slabs or deductions. However, new labor codes are set to be implemented. This will affect take-home sa...
- New Labour Code 2025 tax savings calculator: Rs 15 lakh CTC gets extra Rs 75k relief — check your savings at Rs 20 lakh & Rs 25 lakhStarting November 21, 2025, a revised Labour Code brings exciting tax-saving opportunities. With wages comprising 50% of the Cost to Compan...
- Provident Fund, gratuity, leave encashment, pension commutation and all income tax benefits for retired employees released in a brochure by income tax deptThe Income Tax Department has come out with a brochure outlining tax benefits for retired employees in both the public and private sectors,...
- Incomes that are exempted under the new tax regimeThough an individual cannot claim certain deductions in the new tax regime, however, a certain type of incomes remain tax-exempted under th...
- Tax queries: Exemptions, deductions you will not get in new income tax regimeEvery week, an expert selected by ET answers queries from our readers on income tax and other levies.
- Tax queries: Can you claim tax refund on TDS deducted by employer on gratuity?Dilip Lakhani Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
- Budget 2018: Five hot tips that will lead to cool tax savingsUse these five tips to save on tax this financial year.
- Budget 2018: Here are the tax reliefs that salaried tax-payers are hoping forHere are some changes in the exemption limits and deductions on various allowances which the salaried taxpayers are expecting in Budget 201...
- Who really gains from the proposed increase in tax-free gratuity limit to Rs 20 lakh?Proposed increase in tax free gratuity limit won't benefit bulk of employees immediately. Here's why.
- Answers of our readers queries related with various tax issuesWhile filing return of income, the employee can claim the credit for TDS on salary based on the data/documents available with him.
- Five things you should know about NPS before investingBefore you pour money into the New Pension System, know the tax benefits offered by the scheme and the tax treatment of the income.
- Five things to understand about NPS before investingThe Pension Fund Regulatory and Development Authority has also done its bit by introducing changes that make the scheme more flexible.
- Banks seek review of tax exemption limit on gratuityBanks, which will now be required to set aside higher provisions for employee gratuities under the new accounting norms, have urged the gov...
- Get your PF basics rightConfused about the gratuity clause incorporated in your new employment contract?
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