Gratuity received on resignation is taxable or not ?
This query is : Resolved
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.
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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