TaxTMI 
TaxTMI 
Deductions from salaries
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....y, whichever is less, in any other case. 3. Death-cum-retirement gratuity received as referred to in sub-section (2)(g). Entire amount. 4. Payment of retiring gratuity received under the Pension Code or Regulations applicable to the members of the defence services. Entire amount. 5. Gratuity received under the Payment of Gratuity Act, 1972 (39 of 1972). Amount received, as restricted to the amount calculated as per the provisions of section 4(2) and (3) of that Act. 6. Any other gratuity received by an employee- (i) on his retirement; or ii) on his becoming incapacitated before such retirement; or (iii) on termination of his employment. Amount being minimum of- (a) actu....
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.... one-half of such pension; (c) such commuted value being determined having regard to the age of the recipient, the state of his health, the rate of interest and officially recognised tables of mortality. 9. Payment in commutation of pension received from a fund as specified in Schedule VII (Table: Sl. No. 3). Entire amount. 10. Compensation received by a workman at the time of his retrenchment- (a) under the Industrial Disputes Act, 1947 (14 of 1947); or (b) under any other Act or rules, orders or notifications issued thereunder; or (c) under any standing orders; or (d) under any award, contract of service or otherwise. Minimum of- (a) compensation received; (b) amou....
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....y days for every year of actual service); (b) amount "A", where,- A =10xB; B = average monthly salary for the ten months immediately preceding his retirement whether on superannuation or otherwise; (c) amount as the Central Government may, by notification, specify in this behalf having regard to the limit applicable in this behalf to the employees of that Government; and (d) actual payment received. (2) For the purposes of the Table referred to in sub-section (1),- (a) in respect of the entries against serial number 6 thereof, if gratuity or gratuities was or were received from one or more than one employer in the same tax year (whether or not any gratuity or gratuities was o....
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....ore the transfer; or (C) the new employer is, under the terms of such transfer or otherwise, legally not liable to pay to the workman, in the event of his retrenchment, compensation on the basis that his service has been continuous and has not been interrupted by the transfer; (d) in respect of the entries against serial numbers 10 and 11 thereof, the expressions "employer" and "workman" shall have the same meanings as respectively assigned to them in the Industrial Disputes Act, 1947 (14 of 1947); (e) the provisions of the entries against serial number 12 thereof shall be subject to the following conditions:-- (i) the applicable schemes of the said companies or authorities or societies or Universities or....
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.... (A) received under the revised pension rules of the Central Government, or the Central Civil Services (Pension) Rules, 2021; or (B) received under any similar scheme applicable-- (i) to the members of the civil services of the Union or holders of posts connected with defence or of civil posts under the Union (such members or holders being persons not governed by the said rules); (ii) to the members of the All-India services; (iii) to the members of the civil services of a State or holders of civil posts under a State; or (iv) to the employees of a local authority; (h) the schemes of voluntary retirement or termination of service as referred to in sub-section (1)(Table: Sl. No. 12) sha....