Dear Colleague,
Kindly advise on Gratuity payment as outlined below:
1. In case of Gratuity exceeding Rs. Ten Lakhs, i.e., approximately Rs. 1,300,000/-
2. Can we deduct tax on 3 Lakhs as per the slab?
An accounts professional does not agree to pay more than Rs. 1,000,000/- under any circumstances. Please provide guidance so that we can present an example to him.
Thank you,
Regards,
Rakesh Dubey
From India, Raipur
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1Kindly advise on Gratuity payment as outlined below:
1. In case of Gratuity exceeding Rs. Ten Lakhs, i.e., approximately Rs. 1,300,000/-
2. Can we deduct tax on 3 Lakhs as per the slab?
An accounts professional does not agree to pay more than Rs. 1,000,000/- under any circumstances. Please provide guidance so that we can present an example to him.
Thank you,
Regards,
Rakesh Dubey
From India, Raipur
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