Query in Gratuity taxability and eligibility

This query is : Resolved

Rajesh2345 (Querist)
Follow

06 December 2022 Sir,

i have 2 questions.
1 )how much amount if Gratuity is tax free ?
2) My last working day in the company is near and at that tine i will have completed 10 years 5 months and 15 days . can i get gratuity for 11 years of service or do i need to extend last working day by 15 days to compelte 10 years , 6 months to get the benefit of Gratuity up to 11 years of service ?

Regards
Rajesh

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

06 December 2022 1 20 lacs gratuity is tax free.
2 You need to complete 10 years , 6 months to get the benefit of Gratuity up to 11 years of service.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

T E SOUNDARARAJAN

HITESH NIRANJAN SAHU

Ishwar Radhakisan Tawani

RAJ SANKLECHA

Aakash Kumar

Subscribe Now

Query in Gratuity taxability and eligibility

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

GST CONSULTANCY

CA Final

Manager- Finance and Compliance

Senior Executive