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Grauity exemption

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 March 2010 I making form 16 but i dont know to the grauity amt. exemption in whice section please help me.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
03 March 2010 Grantuity is exempted the limit least of the following sec.10(10)

1.15 days salary x number of year service
2.Rs.350000/-
3.Actual gratutity received
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