Nine O Six
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Recent activity by Nine O Six-
What is Gratuity and how is it taxable?
Gratuity refers to a lump sum payment that is made by an employer to an employee as a token of appreciation for the employee's long and meritorious service. Gratuity is typically paid at the time ...
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What is ITR-V?
The ITR-V form, which stands for "Income-tax Return-Verification", is a document you receive after filing your income tax return. It is used by the tax department to confirm receipt of your return....
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Who is eligible to receive gratuity?
Employees who have completed a minimum period of 5 years in an organization are eligible to receive gratuity upon leaving, which could be due to retirement, resignation, or other reasons.In case of...
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What is e-Verification of ITR? How is it different from offline ITR verification?
E-Verification of Income Tax Return (ITR) is a digital process used to confirm the authenticity of the filed tax return without submitting a physical copy of the ITR-V (acknowledgment) to the Incom...
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When does the employee receive their gratuity?
Employees who have completed a minimum period of 5 years in an organisation are eligible for gratuity, a special payment by employers as recognition for their long-term service. This lump sum of mo...
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How do I check the status of the e-verification of my income tax return (ITR)?
To check your E-verification status, visit the Income Tax website and Click on "E-Verify my return" under Quick Links on the homepage.
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Is the amount of the gratuity received considered my income?
Gratuity received during an employee's service is taxable under the head "Income from Salary." However, if gratuity is received due to retirement, resignation, or specific reasons, then it is exemp...
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Is the gratuity available if my service tenure is 4 years and 6 months?
No, in most cases, gratuity eligibility requires completing a minimum period of 5 years of continuous service with an organisation. Therefore, if the tenure of service is 4 years and 6 months, he w...
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How to check if any refund was due?
On filing of your Tax return, refund is due in case the Tax deducted at source (TDS) or Tax deposited (Advance tax or Self Assessment Challans) is in excess of Tax payable for the year. The said re...
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When should I file my Income tax return?
The returns can be filed after the close of the Financial Year. i.e for Income earned in FY 2022-23, the IT return can be filed starting from 1st April 2023 onwards. Most of the returns are submit...