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gratuity treatment

Others 233 views 4 replies
what is the treatment of gratuity in income from salary?
Replies (4)
Take Gratuity under 17(1) sub-head is there. Then take exemption under deductions which are allowable to the extent exempt under salary head only
Gratuity received during the employment is fully taxable
If Government employee, then Gratuity is fully Exempted. In other cases, Gratuity ( for those Employees who are covered under the Payment of Gratuity Act 1975 ) is taxable under the head Salary after giving Exemption u/s 10(10) of the Income Tax Act 1961.
Disability Arrears exempted please clear how to treat in income tax return


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