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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.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
15 June 2017 It is a Govt company not a Govt dept hence taxable if payment exceeds limits.
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Amol S Joglekar

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Amol S Joglekar (Expert)
15 June 2017 IT is a Govt company. So gratuity is exempt as per the rules. Sp also leave encashment
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