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Gratuity Section 10(10)

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3 Points Posted on 23 September 2020
If an government employee during his employment recieves gratuity is it exempt or taxable?Explain with reason.why taxable or why exempt?
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On 23 September 2020 at 20:46 Report
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accountant
888 Points Posted on 23 September 2020
Calculation of amount of gratuity exempted from tax

The least of the following is exempt from tax:

Last salary (basic + DA)* number of years of employment* 15/26;

Rs. 20 lakhs (which has been hiked from Rs. 10 Lakh as per the amendment);

Gratuity Actually received
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On 23 September 2020 at 21:57
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3 Points Posted on 23 September 2020
Dear, your given provision is correct but sorry i not required the provisions and also it is not my question. i simply asked that in case of during the employment any Govt. employee recieved gratuity is it exempt?? if Yes then why?
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On 23 September 2020 at 22:55
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Tax and Business Consultant
11616 Points Posted on 24 September 2020
Gratuity is payable to eligible Employee at the time of retirement or when Employee have resigned from an organisation,. During the employment gratuity is not payable.

So, there is no question of Exempt or taxable during the employment.
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On 24 September 2020 at 07:07


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