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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 Questions


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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?

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TaxTimTaxTim 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.


TaxTimTaxTim 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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