Gratuity and Income Tax

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Sanjay Dhaduti (Querist)
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28 January 2009 A person working in a 50 Crore Private Ltd. Auto Ancillary company receives gratuity after working for 7 years will it be taxed as per Income Tax rules? If taxed at what rate? under what section?

K V Subba Rao

K V Subba Rao (Expert)
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28 January 2009 Yes u/s10(10)

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Gratuity and Income Tax

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