1. #1
    Unregistered

    Does the PF amount and gratuity amount liable for taxes every month or at the end of employee’s employment ship?

    The extra benefit amounts on monthly basis in employee’s account like PF and gratuity. This is known to all that the in cash benefits are received at the end of employment ship but the amount which is taxable in these benefits is deducted monthly or whole sole at the end.

  2. #2
    Chittaranjan Array
    Join Date
    Jul 2012
    Posts
    658

    Re: Does the PF amount and gratuity amount liable for taxes every month or at the end of employee’s employment ship?

    Dear friend extra benefit amounts on monthly basis in employee's account like PF and gratuity.This is known to all that in cash benefits are received at the end of employment ship but the amount which is taxable in these benefitsis deducted monthly or whole sole at the end.

    Dear friend as far as employees Provident Fund and Gratuity is concerned these are the future benefits of the employee.An employee at the time of his her rettrement(any type eg VRS/CRS/Exit option/Resignation)he/she
    enjoy these funds together.Amount of PF is always tax free fund, in case of Gratuity sometimes it is taxable,after a certain large amount it is taxable,according to present norms.Gratuity paid up to Rs.1000000/-(ten lakhs)is totally tax free fund.

    Thank You,

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