Gratuity and Income Tax
This query is : Resolved
Sanjay Dhaduti
(Querist)
28 January 2009
A person working in a 50 Crore Private Ltd. Auto Ancillary company receives gratuity after working for 7 years will it be taxed as per Income Tax rules? If taxed at what rate? under what section?
K V Subba Rao
(Expert)
28 January 2009
Yes u/s10(10)
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