Two form 16 from different company

Dear Sir,

- Gratuity and leave encashment are partly exempt and partly taxable depending upon the calculations.

- Notice period salary will be taxable as profit in lieu of salary.

- Please provide complete details.

Thanks

From the company it was received it will be included and from the company it was deducted it will be allowed as deduction.

For tax calculation kindly share the details

Hi,

You will need to share further details to ascertain the tax liability. Gratuity and leave encashment will be partly exempt depending on the details you provide. Notice period reimbursement will be fully taxable.

Can you share your service period, salary structure and the nature of the company for which you work so that liability can be ascertained.

Regards,

Nikhil

Hello,

Details are not enough for tax calculation.

Please share the details for tax calculation purpose

For calculation of tax the information is not sufficient, please provide the details.

Hi

Calculations need to be done for taxable and exempt portions of gratuity and leave encashment. Form 16 of both the companies are to be incorporated in the ITR.

Please provide full details or contact one of us. We may help you with return filing.

Gratuity and levae encashment is exempt from the tax to the extent permissible as per the rules.

You can calculate it here:

https://www.incometaxindia.gov.in/pages/tps/tax-tools.aspx

Money received from new employer for notice period is taxable.

Dear Sir, Gratuity is exempt under Se.10(10) of the income tax act. But it is not completely exempted, exemption depends on a calculation which can not be done unless you salary details are provided. So, please provide all the required details.