Dear All,
Kindly resolve the said issue regarding exemption of Gratuity. If a employee who is working in a company, which is covered under payment of Gratuity Act, but employer paying Gratuity to every employee even before 5 year of service, so what is tax treatment of Gratuity in the hands of employee if he received Rs. 1,00,000 in the nature of Gratuity even before 5 full year of service after resignation.
Any gratuity payment not inacordance with gratuity Act will be taxable. In this case it is taxable as it is less than five years.
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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RBSM Corporate Advisors Private Limited
Pune
CA
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Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
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Anupam Parashar & Co.
Ghaziabad
CA Final
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Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
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CCI
Pro
CAclubindia
