21 April 2014
gratuity may be part of CTC. but it is not taxable every year. normally co. pay gratuity on retirement or on death of employee. not otherwise.
if you are state or central govt employee then all amount recd. on retirement will exempt.
otherwise
minimum of following will exempt:
1. 15 days salary for every complete year or year in which do work exceed 6 month on basis of last salary drawn.
21 April 2014
thank yo sir, gratuity been paid monthly ,then is it not taxable under the head income salaries ?
but nowadays, companies tend to include gratuity in their salary structure.... wat would be the tax treatment for this... kindly explain sir.. thanks in advance..