gratuity exempt limit
This query is : Resolved
18 October 2010
For A.Y.2010-11 how much gratuity exempt limit provided as per income tax.
18 October 2010
The government has enhanced the income tax exemption limit on gratuity from Rs 3.5 lakh to Rs 10 lakh, with effect from May 24,2010.
However, gratuity up to Rs 3.5 lakh is exempt from tax under the provisions of Section 10(10) of the Income Tax Act, 1961 for the AY 2010-11.
However, gratuity up to Rs 3.5 lakh is exempt from tax under the provisions of Section 10(10) of the Income Tax Act, 1961 for the AY 2010-11.
18 October 2010
For details regarding Tax Treatment of Gratuity see following link---
https://taxguru.in/income-tax/tax-treatment-of-gratuity-under-the-income-tax-act-1961.html
https://taxguru.in/income-tax/tax-treatment-of-gratuity-under-the-income-tax-act-1961.html
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- PF wage ceiling
- ITC BENEFIT ON BROKRAGE PAID
- TDS refund Indemnity Bond
- Taxation on Old jewellery sold
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- GST ISD Query on various AMCs
- REGARDING ITR FILING QUESTION
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
