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Related gratuity exemption amount
When an employee receives gratuity more than one employer during his lifetime, then the amount of gratuity received in the past will be reduced from the maximum limit of exemption or not. In case when he is covered in Payment of Gratuity Act, 1972, and when not covered.
Replies (2)
as per section 10(10) (covered by payment of gratuity act 1972/ not covered by payment gratuity act 1972)
where gratuity is received from two or more employers in the same year aggregate amount of gratuity exempt from tax cannot exceed RS 1,0,00,000 .
where gratuity is received in any earlier year from former employer AND again received from another employer in later year, the limit of rs 10,00,000 WILL BE REDUCED BY THE AMOUNT OF GRATUITY EXEMPTED EARLIER
where gratuity is received from two or more employers in the same year aggregate amount of gratuity exempt from tax cannot exceed RS 1,0,00,000 .
where gratuity is received in any earlier year from former employer AND again received from another employer in later year, the limit of rs 10,00,000 WILL BE REDUCED BY THE AMOUNT OF GRATUITY EXEMPTED EARLIER
Gratuity receipt is exempt under 10(10) upto a ceiling of 10 lakhs upto 29.3.2018 and thereafter upto 20 lakhs.
Receipts from earlier employers will be reduced from maximum 20 lakhs
Receipts from earlier employers will be reduced from maximum 20 lakhs
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