Master in Accounts & high court Advocate
                
                   9434 Points
                   Joined December 2011
                
               
			  
			  
             
            
             Section 10(10) of the Income tax act 1961, provides that any gratuity received by an employee under the payment of gratuity act, 1972, or any received by an employee from his employer on his retirement or resignation is exempt from income tax , subject to certain limits.