Gratuity exemption

Gratuity  received on completion of service period of 6 year and then take up appointment with another employer. Will eligible for exemption under section 10 for private employee

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Quick Summary
This discussion clarifies whether private employees are eligible for gratuity exemption under Section 10(10) of the Income Tax Act. The consensus is yes, provided certain conditions are met. The exemption limit is calculated based on the gratuity received or 10 months' average salary, whichever is lower, with a maximum cap of ₹20 lakhs.

Yes exemption can be available u/s 10(10) maximum limit is 20 lacs rupees by calculating the gratuity received by you and the 10 month's average salary whichever is lower
Yes exemption is there

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