Income from salary

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Querist : Anonymous

Querist : Anonymous (Querist)

24 June 2010 How to calculate Gratuity of an salaried person.Is there any slabs as per the basic salary.

Shudhanshu Agrawal

Shudhanshu Agrawal (Expert)
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24 June 2010 Calculation of Gratuity for A.Y. 2011-12

For Govt employees it is fully exempted

For other than Govt employees there are 2 categories:

1. Covered by Gratuity Act, 1972

Exemption u/s 10(10) will be least of following:

i Rs. 10,00,000
ii 15/26*last salary drawn*no of year of services in excess of 6 months
iii Gratuity received
Salary means basic + DA

2. Not Covered by Gratuity Act

i Rs. 10,00,000
ii 15/30*Avg salary drawn for last 10 months*completed no of years of services
iii Gratuity received
Salary means basic + DA (if part of retirement benefit)

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