Retirement Benefit Taxation Archives | H&R Block | Blog

Retirement Benefit Taxation

April 10, 2015

H&R BLOCK – How are my post-retirement benefits taxed?

  [table id=14 /] When you are bidding your work life a good bye, the savings accumulated will finally be yours. But before you get excited about the enormous sum to be used for the sunset years consider the taxability on various retirement benefits handed […]
January 22, 2015

Taxability of Gratuity for Private Sector Employees Covered Under Gratuity Act

Gratuity is retirement benefit paid by the employer for years of loyal and dedicated service. Gratuity received by Government employee is fully exempt from tax. Taxability of Gratuity of a Private Sector employee covered by Gratuity Act is explained in this article. Gratuity is a […]
November 12, 2014

Taxability of Gratuity for Private Sector Employees Not Covered Under Gratuity Act.

Payment of gratuity for prolonged term of service by an employee is a retirement benefit which is compulsory from enactment of the Gratuity Act, 1972. If the employee is not covered by payment of Gratuity Act then he can obtain benefit of Gratuity under terms […]
July 17, 2014

Retirement Income and Tax Planning

Planning your taxes better to make your retired life better! Retirement from your job doesn’t amount to retirement from taxation. Final tax is deducted at source at the time of retirement by the employer. However, it doesn’t mean the end of taxation in the life […]