Gratuity received on resignation is taxable or not ?
This query is : Resolved
CA Abhishek Singh
(Querist)
19 July 2014
Hello everyone,
one of my client received gratuity from two former employers in fy 13-14 rs.400000/- on resignation. He resigned from the job and started his own business.
whether gratuity is taxable or exempt ?
waiting for the views of the experts.
one of my client received gratuity from two former employers in fy 13-14 rs.400000/- on resignation. He resigned from the job and started his own business.
whether gratuity is taxable or exempt ?
waiting for the views of the experts.
CMA Ramesh Krishnan
(Expert)
20 July 2014
Gratuity received is exempted under sec.10(10) of income tax act. subject to maximum of Rs. 10 lakhs
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