What is tax treatment of gratuity?

Gratuity is a benefit given by the employer to employees. A recently approved amendment by the Centre has increased the maximum limit of gratuity. Now it is tax exempt up to Rs 20 lakh from the previous ceiling of Rs 10 lakh, which comes Section 10(10) of the Income Tax Act.

Gratuity is a benefit given by the employer to employees. A recently approved amendment by the Centre has increased the maximum limit of gratuity. Now it is tax exempt up to Rs

Gratuity is exempt from Income tax upto Rs. 3.50 lakh. If an employees has received 10 lakh his balance amount of Rs. 6.5 lakh is taxable along

Any gratuity paid to an employee, while he continues to remain in service with the same employer is taxable under the head "Salaries" because gratuity is exempt

Suppose you got a gratuity of Rs. 13.00 lakh and as per the formula, your eligibility of gratuity is Rs. 6 lakhs. Then for the first six lakh rupees, no

Currently, maximum tax-exempt gratuity is Rs to raise the