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Example:- X, an employee of Central Govt., receives 9,20,000 as gratuity at the time of his retirement on 31st December, 2014. Is gratuity fully exempt from tax? Does it makes any difference if he joins a company in the private sector on 11th January, 2015? |
Chapter No. 03 - Salary - Gratuity - [Sec. 10(10)] Gratuity received by X will be fully exempt from tax under section 10(10)(i). This exemption will be available even if he joins a private sector company after retirement from the Government service.
Dated: 10-8-2015
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