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Should Govt Employees Include Retirement Benefits in Their Tax Returns?

Mihir

Mihir Tanna  |1067 Answers  |Ask -

Tax Expert - Answered on Mar 28, 2025

Mihir Ashok Tanna, who works with a well-known chartered accountancy firm in Mumbai, has more than 15 years of experience in direct taxation.
He handles various kinds of matters related to direct tax such as PAN/ TAN application; compliance including ITR, TDS return filing; issuance/ filing of statutory forms like Form 15CB, Form 61A, etc; application u/s 10(46); application for condonation of delay; application for lower/ nil TDS certificate; transfer pricing and study report; advisory/ opinion on direct tax matters; handling various income-tax notices; compounding application on show cause for TDS default; verification of books for TDS/ TCS/ equalisation levy compliance; application for pending income-tax demand and refund; charitable trust taxation and compliance; income-tax scrutiny and CIT(A) for all types of taxpayers including individuals, firms, LLPs, corporates, trusts, non-resident individuals and companies.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more
Sunil Question by Sunil on Mar 25, 2025Hindi
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Hi Mihir Sir, Pl answer my queen. The various retirement amounts like (for govt servant) GPF , Earned leave encashment , Commutated salary , Gratuity ..... Is it NOT required to be shown in tax return at all? All retired people told me this. Pl clarify. Thank you.

Ans: There are 2 aspects for disclosure.

1st is receipt of income which included in Income from Salary (which will be included in form 16 under salary covered in Sec 17).

2nd is exemption portion. If particular component is exempt, it will be required to be shown in exempt income schedule (which will also be included in form 16 in exemption u/s 10)
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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