Gratuity exemption

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 June 2017 Are retirement benefits (Gratuity & Leave Encashment) received from MSEDCL (Maharashtra State Electricity Distributon Co. Ltd.) taxable ?
More than 51% of the stake is of Government.
Please resolve my query.

15 June 2017 It is a Govt company not a Govt dept hence taxable if payment exceeds limits.

15 June 2017 IT is a Govt company. So gratuity is exempt as per the rules. Sp also leave encashment


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