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Gratuity received on resignation is taxable or not ?

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(Querist)
19 July 2014 Hello everyone,

one of my client received gratuity from two former employers in fy 13-14 rs.400000/- on resignation. He resigned from the job and started his own business.


whether gratuity is taxable or exempt ?

waiting for the views of the experts.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
20 July 2014 Gratuity received is exempted under sec.10(10) of income tax act. subject to maximum of Rs. 10 lakhs

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