11 September 2021
Dear Sir , A person received Gratuity amount more then exemption limit of payment under gratuity act 1972 i.e 15 days of every year , company has paid 20 days per year gratuity can excess amount over and above the exemption we claim relief us 89 (1) .
16 September 2021
A person received Gratuity amount more then exemption limit of payment under gratuity act 1972 i.e 15 days of every year , company has paid 20 days per year gratuity can excess amount over and above the exemption we claim relief us 89 (1) .
16 September 2021
The least of the following is exempt from tax:
1. Last salary (basic + DA)* number of years of employment* 15/26; 2. Rs. 20 lakhs (which has been hiked from Rs. 10 Lakh as per the amendment); 3. Gratuity Actually received. Based on changing data, verify among these 3 options, and claim whichever is least.
CAclubindia
