26 July 2025
Is according to section 10(10)(i) gratuity to govt employees fully exempt from tax?
My client got retired from LIC which is a central govt undertaking. As per his form 16, he received gratuity of Rs. 40 lakhs however only he has been exemption of Rs. 20 lakhs only. So can I claim full exemption of Rs. 40 lakhs in ITR or even for govt employees the gratuity is exempt upto Rs. 20 lakhs