Does PF settlement and Gratuity amount need to be included as income when filing taxes?
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For instance, consider a person who worked only for 4 months during the last financial year (2017-18) has got a salary of INR 60000 and has quit the job and did not work thereafter. The company has settled the PF and Gratuity amount. The person did not earn any money except the above during the last financial year.
Now my question is, does the person need to file income tax returns?
If yes does he/she need to include PF and Gratuity amount as an income while filing?