Gratuity


This query is : Resolved 

(Querist)
08 March 2014 hi gratuity is exempted for salaried?

08 March 2014 gratuity is exempted to the extent as provided in section 10(10) of the income tax act 1961

@VaibhavJ (Expert)
08 March 2014 Hi

Gratuity paid after completion of 5 yrs of service is fully exempt upto Rs. 10 lac.

This limit is for gratuity received from all employers & not from single employer.

Thx


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