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Exemption of Gratuity recieved
When a person retired on 31st January 2018, received Gratuity of 10 lakhs. later on 31st March 2021 receives Gratuity of 5lakhs. is 5 lakhs exempt from tax as he has received after 29th Mar 2018 or it is not exempt as he has retired before 29th March 2018?
Replies (2)
Quick Summary
Date of retirement is important, and not the date of receipts of installments. Hence, taxable...
Okay thank you Sir
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