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gruachity

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Querist : Anonymous (Querist)
25 March 2011 upto what amount of gruachity is free from income tax?

25 March 2011 Rs. 10 lakh free from tax

25 March 2011 The maximum amount which is exempt from tax by income tax Act is Rs 10 lakh. But it is subject to Gratuity rules.

25 March 2011 Continuing the above observations, for full details the following notifications can be referred to.
1) S.O.1217(E) dated 18/5/2010
2) CBDT notification 43/2010 dated 11/6/2010.


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