If a employee has worked in a organization for 4 years 8 months and he has received gratuity.
Whether the employee is eligible for any exemption as per Income Tax.
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Gratuity
Replies (2)
No, gratuity is exemted only if the employee has completed 5 year of continues service
Thanks for the response but if you read sec 10(10) of Income Tax Act it is given that if a person is not covered under Gratuity Act than the person will be eligible for a Deduction of one-half of monthly salary of for each completed year
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