we have made Gratuity payment Rs 650000 to our employee on retirement
what is income tax treatment on employee side and employer side
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gratuity
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For details on taxability of income of employee: refer https://cleartax.in/s/income-tax-exemption-on-gratuity
Employer can avail full deduction of payment provided there is no approved fund established for the purpose of gratuity. In case there exists approved gratuity fund, contribution to the fund is deductible u/s 36(1)(v)
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