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What is the taxation on the gratuity lump sum and on the annuity for medical retirement-GEPF?

Posted 28 October 2015 under Tax Q&A


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AK says:
27 October 2015 at 11:43

I belong to GEPF and was medically boarded. What is the taxation on the gratuity lump sum and on the annuity?

This entry was posted in Tax Q&A and tagged , , , , . Bookmark the permalink.

TaxTim TaxTim says:
28 October 2015 at 6:44

The lumpsum received, is this from the pension fund or part of a disability payment?

AK says:
28 October 2015 at 10:25

Yes from government employees pension fund.

TaxTim TaxTim says:
28 October 2015 at 21:24

The annuity will be taxed similar to normal income earned. The lumpsum will be subject to tax based on the Lump sum calculator


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