Income Tax on Gratuity

By | December 4, 2017
(Last Updated On: December 4, 2017)

What is the taxability of Gratuity under Income Tax Act 1961 of India?

​​In the hands of a Government employee , Gratuity receipts are exempt from tax [ Section 10(10)(i) of Income Tax Act ]

In the hands of non-Government employee,  Gratuity is exempt subject to the limits prescribed in this regard [Section 10(10)(ii)  and Section 10(10)(iii) of Income Tax Act .]

[ Maximum Limit of Rs. 10,00,000 has been specified as the limit in case of retirement, etc., on or after 24-5-2010 vide Notification No. SO 1414(E), dated 11-6-2010 ]

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