Payment of Gratuity and Exemption from Tax

Neethi V. Kannanth , Last updated: 16 September 2021  
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Gratuity is a monetary benefit given by the employer to employees. It is governed by Payment of Gratuity Act, 1972. The exemption limit has been increased to Rs 20 lakh from the earlier Rs. 10 lakh. The CBDT Notification no. S.O. 1213(E), dated 8 March 2019, clarified that the exemption limit of Rs

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Neethi V. Kannanth
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Category Income Tax   Report

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