gratuity amendment

shiksha arya (CA Final Student) (37 Points)

29 March 2011  

An employee of PSU retired on 31/01/2010, he got his gratuity in two parts .one in A.y. 2010-11(Rs.5,00,000) on 30/03/2010 & other in A.y 2011-12(Rs.250000) on 25/5/2010 due to 6th pay commission.

what will be the tax liability of that person regarding the gratuity.