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Gratuity

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(Querist)
08 March 2014 hi gratuity is exempted for salaried?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
08 March 2014 gratuity is exempted to the extent as provided in section 10(10) of the income tax act 1961
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@VaibhavJ

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@VaibhavJ (Expert)
08 March 2014 Hi

Gratuity paid after completion of 5 yrs of service is fully exempt upto Rs. 10 lac.

This limit is for gratuity received from all employers & not from single employer.

Thx
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