Sir, whether the amount of GIS (group insurance scheme of govr) and State govt life insurance amount received after retirement is taxable or not. If so kindly quote the section and rule of Income tax. Thanking you sir.
Composite tranfer grant , transportation of personal goods and travel allowances at the time of retirement are exempt under which section from income tax act.
Sir 8 months salary Mila aur retair hoga uskay baad pension milraha hai to usne kon sa return bharega kiya salary Kay sath pension ko alag sa fail karna hai ya alag alag
थैंक यू सर क्या आप यह बता सकते हैं कि उत्तर प्रदेश पावर कारपोरेशन यूपीपीसीएल से मेरे फादर रिटायर हुए हैं जिनका हटाने में 2019 का अभी रिफंड आउटस्टैंडिंग अमाउंट आया है कुछ उस समय उन्होंने उसका रिफंड भी दे दिया था तो क्या उनको टैक्स देना पड़ेगा वहीं लिव-इन कैचमेंट में ही आया है उनका क्या उनको टैक्स भर देना चाहिए
Thanks sir listen your video so benifited I have taken VRS in scale 3 retired on 11.11.2019 I have received leave encashment 8 months but but is deducted amount above three lacs
According to my understanding GPF stands for General Provident Fund and is for government employees. Accordingly rules of govt provident fund will apply. If not, tell us full form of GPF.
Thank you very much. Sir, I want to know is (a) Insurance money ( for premium deposited from salary during service as group insurance ) received during retirement & (b) Composite transfer grant received during retirement taxable or tax exempted income? In which column I will show these income? Please help me to know this so that i can fill ITR accordingly. Thanking you.
Sir i had been retired from the govt service on 30.4.2017 company has deducted tds on earned leave encashed. Now i can claim for refund in ITR 2022-23, pl advise
@CA Puneet Jain sir if an individual getting pension rs.272000/- per fy and another salary rs.9 lakh then he will get some exemption on pension amount in ITR 1? Please reply
पहले show करे यानी इनकम में जोड़ कर दिखाए और बाद में sectons के अनुसार exemptoin ले या इनकम में show ही नहीं करे gpf, leave encashment ,gratuity etc को ?
Sir your video is really good. But i didn't understand what are the conditions and formulas for every provision. Where we read this or please make a videos on this.
Sir , the section -10 exemptions of gratuity ,committed pension and leave encashment for govt employee are exempted under new regime or not? Kindly throw light on it.
Sir, Punjab State Power , Corporation Ltd.(PSPCL)which is governed owned corporation, employees of PSPCL can be treated as Government Employees for the purpose of IT act rule 10(10AA) or not
Dear sir, If I have submitted my pan card at the time of opening account but bank have not updated my pan card by mistake and bank have deducted my TDS on my interest of FDRs. The TDS did not show in form 26AS. Now what I can doo....????
Sir, whether west Bengal govt. Group Insurance scheme (GISS) fund at the time of retirement is taxable or not ? Please advice me. And if, it is not taxable please tell the relevant IT section , please Sir.
PLEASE HELP. My father is going to retire on 4 july 2022. If he get 30lakhs lets say as total money including all will it be counted as GROSS SALARY in IT Returns. How the retirement money will be shown in IT Returns or it will not be seen.
Sir, my collegue retired in february 2022. his full and final settlement was done by the HR dept in the month of march and tax was to deducted but the finance Dept could not pay the final amount in the month of march and payment was to be credited in the new financial year ie 2022-23. which tax bracket will he be assessed by income tax how does he stand to benefit or loose because of taxesation
The amount received by government employees from GPF at the time of retirement is tax free from income tax. Please please tell us under which section, subsection and paragraph of income tax it is tax free ….please
Sir , I am a pensioner.( super annuation )My Dept was central govt and afterwards it has been converted into a PSU. After retirement I have received Rs 350000/- as leave encashment from previous govt. Dept and Rs 460000/- from PSU. I think Rs 350000/- is fully exempted and Rs 160000/- ( I.e. 460000 - 300000 ) is taxable. Am I right sir ? And same is to be applied for gratuity , GPF , Commutation received ? Please reply. Thank you .
Hey sir, My dad has taken retirement on August 2021, but his original 60 years retirement is in April 2027, my dad had received commutation money.. or kuch din m pension v start ho jayega. But ye gratuity ka pesa 2027 m aaega ya fir pension start hone ke sath aa jayega, ye hme ni pta... . Sir please HELP !!
Sir my father PY 2014-15 mai goverment job se retire hue but unke department main kisi case ki waghe se unko pension nahi mil rahi thi lagbhag 500 employe hy case 2012 se chal raha tha, so 2018 mai mere father expire ho gaye or 2020 mai hum sab employe offise ke case jeet gaye, so Fy 2021 -22 mai april mai meri mother ko 3 years ki father ki pension or uske bad ki family pension sab ek sath mil gaye hy , ab sir iska treatment kese hoga 2020-21 mai file karte hy return to tax bahut banta hy jabhi income last 6 years ki hy ese mai kya sahi treatment hoga return ka
![10 Reasons why you may get Income Tax Notice | 139(9) | 142(1) | 143(1) | 143(2) | 148 | 245 |[2019]](http://i.ytimg.com/vi/xKYZjRwqep8/mqdefault.jpg)
सर, अति सुंदर जानकारी एवं विश्लेषण।। 🌺🌺👌🙏।।
बहुत अच्छी तरह से समझा दिया है आपने । धन्यवाद ।
Bahut badhiya sir very nice video
Thanks
Bahut badiya mahiti di hai sir
Sar good mahiti api thanks
सराहनीय !
Very good video. Thanks for uploading this valuable video.
Very beautiful
Thank you so much 🥰😊
Sir
Namaskar,
I like this video very much.My problem solved this video. God bless U.
Good evening sir, very good explanation sir, thank you very much sir. It is very essential to all pensioners
Very helpful video sir
Sir,
Your videos are very very helpful and your sound is very clear.
Very very thanks.
Thanks for the appreciation.
Thank you so much Sir.....Best Wishes !
PF amount jo milega retiremt mein wo kaha entry hoga itr bharte waqt
Sir pl explain the section under which GPF is tax free
Excellent guidance
Thanks very much.
Very Good . All points well explained
Sir,
Very nice information.
Thanks.
Very informative
Thank U Sir for yr kind information. God bless U. Long leave sir.
Nice information.
You r rockstar ...love you
Thank you Sir. Thanks for the appreciation. Stay tuned for more videos.
All points cleared . Thanks ❤️
Thank you Sir!! Very helpfull Video
Welcome Sir
Very well explained 🙂
In govt company, CPF included employee and company contribution, please inform, is both contributed amount is taxable or taxfree
Sir
Ex gratia ke under monthly financial assistance tax free hai
why non govt employee are butchered with bloody formulas's. What crime they did by not being employed my govt.
Sir is video ko fir se banaiye....jo abhi new tax regime aaya hai isme tax lagega kya please ans
Very nice ji
From this video all my doubts have been cleared.. Thanks for nice explanation.
Thanks for kind words.
Although the Retirement benefits received by a central government employee is not taxable, are the amounts to be reflected in the ITR?
Yes
Superb
very good tax knowledge sir, i want to know about taxes on amount received
tax on vrs empys, ex gratia amonts
under which section PPF amount exempted will be shown itr?
Revised pension arrears in case of govt employee taxable or not ???
Sir, whether the amount of GIS (group insurance scheme of govr) and State govt life insurance amount received after retirement is taxable or not. If so kindly quote the section and rule of Income tax. Thanking you sir.
Do you have section ?
Got answer or not?
I have same problem
Have you got answer ?
Sec 10(10D) exempt milega
Pension net lani hai ya gross =basic +d.a+ others allowance plz tell me
Composite tranfer grant , transportation of personal goods and travel allowances at the time of retirement are exempt under which section from income tax act.
Great
बहुत बहुत धन्यवाद।
nicely explained. but how to show the retirement benefits in itr?
where to show retiring benefits in ITR-I as income and as exemption when gross income is more than once crore
Very good
Good..
GPF received during/after retirement fully exempted from Income Tax? Please let me know Sir
good information so many thanks
Excellent
What's statutory provident fund
Is it gpf of government employees
For govt employees gratuity is exempted only 20 lakhs as of now.
General Provident Fund amount exempted under which section
Under nps scheme money recd out of nps corpus is taxable?
Whether a pensioner retired in a particular FY can claim House rent claim under 80GG for the remaining months after his retirement ??
Sir 8 months salary Mila aur retair hoga uskay baad pension milraha hai to usne kon sa return bharega kiya salary Kay sath pension ko alag sa fail karna hai ya alag alag
थैंक यू सर क्या आप यह बता सकते हैं कि उत्तर प्रदेश पावर कारपोरेशन यूपीपीसीएल से मेरे फादर रिटायर हुए हैं जिनका हटाने में 2019 का अभी रिफंड आउटस्टैंडिंग अमाउंट आया है कुछ उस समय उन्होंने उसका रिफंड भी दे दिया था तो क्या उनको टैक्स देना पड़ेगा वहीं लिव-इन कैचमेंट में ही आया है उनका क्या उनको टैक्स भर देना चाहिए
Thanks sir listen your video so benifited
I have taken VRS in scale 3 retired on 11.11.2019
I have received leave encashment 8 months but but is deducted amount above three lacs
Sir, video is good but I have question in Maharashtra it is call GPF is it taxable ?
According to my understanding GPF stands for General Provident Fund and is for government employees. Accordingly rules of govt provident fund will apply. If not, tell us full form of GPF.
GPF means General provident fund
Thanks
Fabulous sir
Information is good
Thank you very much. Sir, I want to know is (a) Insurance money ( for premium deposited from salary during service as group insurance ) received during retirement & (b) Composite transfer grant received during retirement taxable or tax exempted income? In which column I will show these income? Please help me to know this so that i can fill ITR accordingly. Thanking you.
Government employees ke death hone per jo pf/gratuity milti h usko pentioner kaise tax file katta h. Kya vo amount tax se exemted hota h
Sir ex gratia ka amount mila he kya uska bhi deduction milega kya
Sir, ex-gratia salary tax exempted or not. If exempted in which section, please provide to me.
महोदय जो exempted है उनके लिए क्या कोई फॉर्म भरकर इनकम टैक्स डिपार्टमेंट में जमा करना पड़ेगा ।
Central govt. Employ का PF टीस category में आता है sir.
Sir i had been retired from the govt service on 30.4.2017 company has deducted tds on earned leave encashed. Now i can claim for refund in ITR 2022-23, pl advise
@CA Puneet Jain sir if an individual getting pension rs.272000/- per fy and another salary rs.9 lakh then he will get some exemption on pension amount in ITR 1? Please reply
Little section missing how will deducted if pvt employee graduity on 10(10)2A
Is SAIL employee's gratuity taxable?
Really very helpful !! Thanks for posting this sir .
Welcome. Stay tuned for more videos.
Government servant After retirement received group insurance scheme amount is taxable or not as per income tax rule
How much Maturity amount of lic is taxable?
पहले show करे यानी इनकम में जोड़ कर दिखाए और बाद में sectons के अनुसार exemptoin ले या इनकम में show ही नहीं करे gpf, leave encashment ,gratuity etc को ?
Provident Fund ka section nahi bataya sir? Provident Fund ko kis section me claims karenge. Please reply 🙏
Sir your video is really good.
But i didn't understand what are the conditions and formulas for every provision.
Where we read this or please make a videos on this.
Uske lie apko detail me un sections ko padhna hoga google karie answer mil jaega
We can help if you tell us specific question.
Thank you sir ❤
Sir , the section -10 exemptions of gratuity ,committed pension and leave encashment for govt employee are exempted under new regime or not? Kindly throw light on it.
Good Video Sir
After retirement Govt.Employee received Arear...how much tax he pay ?
Sir, Punjab State Power , Corporation Ltd.(PSPCL)which is governed owned corporation, employees of PSPCL can be treated as Government Employees for the purpose of IT act rule 10(10AA) or not
Thanks for guide
Dear sir,
If I have submitted my pan card at the time of opening account but bank have not updated my pan card by mistake and bank have deducted my TDS on my interest of FDRs. The TDS did not show in form 26AS. Now what I can doo....????
Contact bank. They need to rectify their TDS Return.
Sir, whether west Bengal govt. Group Insurance scheme (GISS) fund at the time of retirement is taxable or not ? Please advice me. And if, it is not taxable please tell the relevant IT section , please Sir.
,Whether Leave Encashment taken by Govt PSU Retired employee is fully exempted from I.T.
Sir how to get exempt EX-GRATIA in INCOME TAX COMPUTATION
I could not understand clearly but important part this is
Which ITR form can be used if someome gets more than 50 lakhs at the time of retirement along with salary.
PLEASE HELP. My father is going to retire on 4 july 2022. If he get 30lakhs lets say as total money including all will it be counted as GROSS SALARY in IT Returns. How the retirement money will be shown in IT Returns or it will not be seen.
Thank you very much for info
Sir, my collegue retired in february 2022. his full and final settlement was done by the HR dept in the month of march and tax was to deducted but the finance Dept could not pay the final amount in the month of march and payment was to be credited in the new financial year ie 2022-23. which tax bracket will he be assessed by income tax how does he stand to benefit or loose because of taxesation
Which form is to be used itr 1 or itr 2?
The amount received by government employees from GPF at the time of retirement is tax free from income tax. Please please tell us under which section, subsection and paragraph of income tax it is tax free ….please
Thanks a lot manyvar
How is the contribution of employee towards PF taken in employee ITR? And in which year? Year of accrual?
Good
Sir , I am a pensioner.( super annuation )My Dept was central govt and afterwards it has been converted into a PSU. After retirement I have received Rs 350000/- as leave encashment from previous govt. Dept and Rs 460000/- from PSU. I think Rs 350000/- is fully exempted and Rs 160000/- ( I.e. 460000 - 300000 ) is taxable. Am I right sir ? And same is to be applied for gratuity , GPF , Commutation received ? Please reply. Thank you .
Hey sir,
My dad has taken retirement on August 2021, but his original 60 years retirement is in April 2027, my dad had received commutation money.. or kuch din m pension v start ho jayega. But ye gratuity ka pesa 2027 m aaega ya fir pension start hone ke sath aa jayega, ye hme ni pta...
.
Sir please HELP !!
Sir my father PY 2014-15 mai goverment job se retire hue but unke department main kisi case ki waghe se unko pension nahi mil rahi thi lagbhag 500 employe hy case 2012 se chal raha tha, so 2018 mai mere father expire ho gaye or 2020 mai hum sab employe offise ke case jeet gaye, so Fy 2021 -22 mai april mai meri mother ko 3 years ki father ki pension or uske bad ki family pension sab ek sath mil gaye hy , ab sir iska treatment kese hoga 2020-21 mai file karte hy return to tax bahut banta hy jabhi income last 6 years ki hy ese mai kya sahi treatment hoga return ka
Form 15 g/h bank accept nehi karta retirment paisa ke upar to kya karbai kare
I shall retire on 31.10.23.But I now fixed deposit on June. How can I submit 15 g now.
Thanks many douts cleared