Gratuity

This query is : Resolved 

29 July 2010 Sir, I want to clarify one doubt relating to Employees Group Gratuity Assurance Scheme.
i.e.Any amount received from Group Gratuity Assurance Scheme from an employer is taxable or not?
S.jegadeesan

29 July 2010 http://www.taxguru.in/income-tax/tax-treatment-of-gratuity-after-increase-in-limit-from-3-50-lakh-to-10-lakh.html

For details please check above link.

29 July 2010 Upto Rs. 10 Lac, its not taxable.

29 July 2010 exemption limit increase Rs.3.5 lakh to Rs.10 lakh.


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