gratuity

This query is : Resolved 

13 July 2010 the gratuity is taxable on receipt basis or it is taxable from the date of retirement

my friend was retired on 20 /4/10 and he doesn't received the gratuity till now and new exemption limit is their now of 10 lakes so he can claim the new exemption limit of Rs 10 lacks

if he receive the gratuity amount tomorrow what will be the exemption limit

13 July 2010 Receipt basis.

13 July 2010 AGREE WITH BANSAL JI IT IS TAXABLE ON RECEIPT BASIS.


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