Gratuity
This query is : Resolved
CA Satish Dindokar
(Querist)
28 January 2014
Gratuity is payable after 5 years.
But if company has its own policy to pay gratuity on superannuation / retirement / resigned after completion of 3 years.
Whether exemption form Gratuity is available for income tax purpose, if paid on completion of 3 years.
But if company has its own policy to pay gratuity on superannuation / retirement / resigned after completion of 3 years.
Whether exemption form Gratuity is available for income tax purpose, if paid on completion of 3 years.
28 January 2014
Hi
In that case there is no exemption available under Income tax, since as per IT it requires completion of 5 years to claim exemption
Thx
In that case there is no exemption available under Income tax, since as per IT it requires completion of 5 years to claim exemption
Thx
CA Satish Dindokar
(Querist)
28 January 2014
Thanks vaibhav.. where it can be confirmed any sec / clause etc under income tax.
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