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Gratuity

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(Querist)
13 July 2010 as gratuity is taxable on receipt basis if a person retires in April and has received payment of gratuity in July new exemption limit of 10 lac's applicable to him????
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Sunil Kr. Sanganeria

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Sunil Kr. Sanganeria (Expert)
13 July 2010
The date of retirement would alone have to be considered not the date of payment and received.

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