Gratuity - Taxation Issues

Sensys Technologies , Last updated: 22 September 2014  
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Income tax assumes gratuity as capital receipts and exempts gratuity receipts up to Rs 10,00,000. This means that you need not to pay tax, subject to some conditions, for gratuity receipts up to Rs 10 Lakhs. Gratuity beyond this limit is paid by employee under ex-gratia head and always taxable.

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Sensys Technologies
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Category Income Tax   Report

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