No tax liability on retirement benefits

[Shashi Kiran]

FYIP - As  per 'Taxation of Salaried Employees' chapter 8 of section 10 (10) of IT rules -any death cum retirement gratuity received by govt and defence employees shall be exempt from Income Tax.

For more info - www.incometaxindia. gov.in/DIT/income-tax-acts.aspx

So, go ahead and plan your investments on the entire sum (when you receive it,  hopefully soon).

Shashi

[vinod sun]

Dear Shashi,

 

thanks for the info. Checked from NPO & IRLA Sections. Most of the gratuity docs have been returned twice with some funny reasons. NPO itself is lost about this matter. 

 

Tk cr

 

Vinod Sunotra

From: Shashi Kiran <shashik...@gmail.com>
To: ssc...@googlegroups.com
Sent: Wednesday, 3 April 2013 3:18 PM
Subject: No tax liability on retirement benefits

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[Pawan Kumar Yoganarasimha]

Hey Shashi,

Can you pl give me details of teh property you have purchased. I was also interested in similar one and are there more units fro sale?

Pawan

Shashi

--

[vinod sun]

guys need info...\

CDA Mumbai says that my final transfer grant will not be given b'cos

'it is not mentioned anywhere that SSC officers are eligible for the said grant'.

can any body put some light on this issue?

 

Sunotra

From: Shashi Kiran <shashik...@gmail.com>
To: ssc...@googlegroups.com
Sent: Wednesday, 3 April 2013 3:18 PM
Subject: No tax liability on retirement benefits

[Seema]

Hi sunotra

   I suggest u should contact ur last unit. The logistic dept forwards the claim to the local cda unit. I think there is a policy letters  of 2008 or 2009 which mentions bout it. i dont hav that letter right now with me else i would have forwarded.

   

Hope this info is of some use

Regards

Seema 

Sent from my iPad

[Athar Khan]

Dear Sunotra

 

I hope you have followed following procedure during claiming

(a) Filled the application and submitted to your LOCAL BLO.

(b) The form you fill do not have any discription of SSC or PC.

(c) Chase up with LOCAL BLO for clearing up from LOCAL CDA.

(d) When your claim is passed by LOCAL CDA, it will issue a letter to NPO for release cleared amount to said officer's account with a copy to the individual.

 

In my case - No question asked till date by any person neither by Kochi BLO nor by Kochi CDA. Then i think Mumbai CDA are much more informative that any other CDA.

 

Well in my case Kochi CDA has cleared my FINAL TRANSFER GRANT and issued a letter to NPO for crediting my cleared amount in my account. Only thing was that an amount of Rs.20,000 was reduced from my claim under pretext no family movement details found for that im doing my paper work.

 

Hope with this you could gain any tips.

Please approach your LOCAL BLO, they will help you out.

 

Regards

Athar Khan

Lieutenant Commander (Retired) Indian Navy

the fun lies in achieving something impossible.....