exemption limit of gratuity

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1 Points Posted on 22 February 2019
exemption limit of gratuity ???
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On 22 February 2019 at 17:32 Report
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SEO Sai Gr. Hosp.
212441 Points Posted on 22 February 2019

The least of the following three amounts is exempt from income-tax:

  • Computed gratuity (as per formula: Last drawn basic salary x Tenure of service x 15/26)
  • Rs.20,00,000 (which has been hiked from Rs.10,00,000 as per the latest amendment);
  • Actual amount received as gratuity
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On 22 February 2019 at 18:36

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