Hi guys,

I got my full and final settlement today but I can see no tax deduction. Does anyone know the reason. 4k tax used to be deducted every month till now. I also got gratuity and leave encashment along

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It will the there while filling IT return with intrest.

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Why interest 😐

It will be there while filing returns.

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Oh..Okay..thanks

So you're unhappy for not deducting tax and giving your hard earned money?

Please give it me if you don't need😂

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Yes I am a happy tax payer 🤭

Because your employer has not deducted the tax timely. I have faced similar problem earlier. I have joined in January and submitted each details of my previous employer including form B but still HCL has not deducted any tax for the month of Feb & March. So when I filed my ITR i have to pay that pending tax including intrest.

They will deduct tax and send remaining amount to you.
I received yesterday.
Gratuity is not Taxed.
Leave encashment not taxed if you fill the exemption form.

Otherwise your company need to cut the TDS from F&F as they are submitting taxes to govt on your behalf till your last rupee.

That is bcz you come under 10 to 12 lakh salary slab.. ur tax was deducting on prorated basis.. you left your job in dec, jan or starting feb after submitting your income proof.. so you will not be getting your salary for feb n march.. so based on that your salary for the final settlement does not come under taxable deduction… correct if any statement is wrong !

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