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Gratuity is deducted monthly by employer- dedn u/s. 80c ?

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04 March 2017 Hello everyone,

one of my clients salary slip is as under

basisc - 32500
HRA - 12500
Gratuity-1563/-
total - 46563
less: tds - 3000
less: gratuity-1563
net salary-42000

My question

can we claim deduction of gratuity under section 80C similar to EPF ??


04 March 2017 No you can not claim gratuity deduction under section 80C of the Income Tax Act, 1961.
Exemption is allowed at the time of superannuation, retirement or resignation, death or disablement due to accident or disease-with some restriction.



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