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How much Income Tax Exempt from Gratuity Fund?


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Reply to topic    Forum Pakistan - Pakistani Forums Home » Tax
How much Income Tax Exempt from Gratuity Fund?
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mehfooz255416
Pak Newbie


Joined: 21 Apr 2012
Posts: 1
Location: pakistan

How much Income Tax Exempt from Gratuity Fund?
I am the retired employee of Pakistan Steel Mill Corporation Private Limited.
My Gratuity Fund is Rs-1462363.
How much Income Tax Exempt from Gratuity Fund?
Sat Apr 21, 2012 3:12 pm View user's profile Send private message
umargby
Pak Newbie


Joined: 21 Apr 2012
Posts: 1

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As you are Federal Government employee your gratuity will fully exempt Smile
Sat Apr 21, 2012 5:42 pm View user's profile Send private message Send e-mail
shaz711
Pak Newbie


Joined: 06 Nov 2007
Posts: 16

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Registered is exempt... otherwise not not not not not not not not not not not not not not not not not not
Sat Apr 21, 2012 8:30 pm View user's profile Send private message
Rizi16m
Pak Newbie


Joined: 28 Oct 2013
Posts: 3

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If employee is not provincial or federal employee than ????? will exempt or not ???
Tue Oct 29, 2013 10:01 am View user's profile Send private message
abid729
Pak Newbie


Joined: 17 Apr 2014
Posts: 2

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Gratuity amount is exempt In case of government employee, the amount receivable in accordance with the rules and conditions of the employee's services.
Gratuity amount is exempt from tax in case of emplyees other than government,local authority or a statutory body or corporation estalished by any law for the time being in force, 50% of the amount receivable or Rs. 75000/= whichever is less.
Mon Apr 21, 2014 8:29 am View user's profile Send private message Send e-mail
sharif5
Senior Proud Pakistani
Senior Proud Pakistani


Joined: 25 Apr 2009
Posts: 1092
Location: karachi

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please consult the professional TAX CONSULTANT in order to know how much to pay tax ON Gratuity?
Sun Jul 10, 2016 6:11 pm View user's profile Send private message Send e-mail Yahoo Messenger
Fiza Awan
Senior Member Pakistani
Senior Member Pakistani


Joined: 09 Jan 2017
Posts: 685

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Mere khyal mein 10lakh tak exempt hai.
Fri Feb 24, 2017 2:38 pm View user's profile Send private message
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