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gruachity

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Querist : Anonymous

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

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CA Pradeep Sharma (Expert)
25 March 2011 Rs. 10 lakh free from tax
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
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.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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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