Gratuity Received is Taxable or not
This query is : Resolved
29 July 2022
Sir/mam,
Any Person Received Gratuity Received in Income tax it is taxable or not
Please clarify my doubt
Thanking you,
Any Person Received Gratuity Received in Income tax it is taxable or not
Please clarify my doubt
Thanking you,
29 July 2022
As per CBDT Notification no. S.O. 1213(E), dated 8 March 2019, the exemption limit of Rs 20 lakh would be applicable to employees in the event of retirement or death or resignation or disablement on or after 29 March 2018.
I.e. For employees covered under Gratuity act, up to Rs. 20 lakhs it is exempted u/s 10(10) of IT act...
But for employees not covered under Gratuity act, the limit is Rs. 10 lakhs.
I.e. For employees covered under Gratuity act, up to Rs. 20 lakhs it is exempted u/s 10(10) of IT act...
But for employees not covered under Gratuity act, the limit is Rs. 10 lakhs.
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29 July 2022
Thank you Sir for your Quick reply
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29 July 2022
You are welcome ....
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