Gratuity
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 March 2016
Dear Sir,
Last year I got the gratuity amount for Rs. 149086. Whether I have to pay the tax for it? If so how much I have to pay & how much I get exemption. Please let me know the exact calculation & rules, so that I can make the progress. Almost a year has passed and no body has given me a suitable answer till now, because I don't want to be a defaulter
Last year I got the gratuity amount for Rs. 149086. Whether I have to pay the tax for it? If so how much I have to pay & how much I get exemption. Please let me know the exact calculation & rules, so that I can make the progress. Almost a year has passed and no body has given me a suitable answer till now, because I don't want to be a defaulter
29 March 2016
Gratuity received up to 10 lacs is exempted if it is paid as per the provisions of gratuity Act.
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