Gratuity
This query is : Resolved
Anita Kulkarni
(Querist)
31 March 2016
is gratuity received taxable to an Pvt Ltd CO employee ,if he is leaving the job an going to abroad for job
CA R SEETHARAMAN
(Expert)
01 April 2016
It is not taxable provided the gratuity is paid as per the provisions of Gratuity Act.
KAVIRAJA ADDANGADI
(Expert)
01 April 2016
Gratuity is exempt if is paid in accordance with Gratuity Act 1972.
Anita Kulkarni
(Querist)
01 April 2016
but gratuity received after retirement is exempt na and gratuity received during employment is taxable ?
Saket Jain
(Expert)
12 April 2016
Yes. Exempt if received after retirement/ resignation/ termination etc upto limit specified as per section 10(10)
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