gratuity
This query is : Resolved
06 March 2010
how i calculate gratuity income in my income tax return
06 March 2010
Gratuity is exempted the limit least of the following sec.10(10)
1.15 days salary x number of year service
2.Rs.350000/-
3.Actual gratutity received
1.15 days salary x number of year service
2.Rs.350000/-
3.Actual gratutity received
07 March 2010
agree with Mr. Ramesh
But in first point salary means Basic+DA and nothing else and for 15 days salary it will be divided by 26 not 30.
But in first point salary means Basic+DA and nothing else and for 15 days salary it will be divided by 26 not 30.
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