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Gratuity - [Sec. 10(10)]

Income Tax - Salary Income - 03 - GRATUITY [Sec. 10(10)] If Gratuity is received by any employee while in employment then it is fully taxable in the hands of employee. While if gratuity is received in case of death or retirement or resignation, then .....

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vailable to employees of Statutory Corporation. In case of employees covered by Payment of Gratuity Act,{Section 10(10)(ii))} an amount equal to the least of the following will be exempt from tax: 15/26 x Salary last drawn x No. of completed years of .....

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on, overtime wages or any other allowance. Part of a year exceeding six months is taken as a complete year. In case of employees not covered by Payment of Gratuity Act,{Section 10(10)(iii))} an amount equal to the least of the following will be exemp .....

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