SEO Sai Gr. Hosp.
208371 Points
Joined July 2016
Gratuity is exempt under Section 10(10) of the Income Tax Act, 1961, up to specified limits depending on the employee’s category and conditions of payment.
In the hands of a Government employee Gratuity and PF receipts on retirement are exempt from tax. In the hands of non-Government employee, gratuity is exempt subject to the limits prescribed in this regard and PF receipts are exempt from tax, if the same are received from a recognised PF after rendering continuous service of not less than 5 years.