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Taxability of Gratuity (Sec-10)

14 November 2021

I received gratuity of Rs 1525481/- in September 2018 (FY 2018-19) on superannuation (31/05/2018) from central government (IAF).

Is this amount fully exempt from income tax?

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4 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 15 November 2021

Are you government employee??

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NARENDER BHATI (42 Points)
Replied 15 November 2021

Yes, I retired on superannuation from IAF on 31/05/2018.

sabyasachi mukherjee (27723 Points)
Replied 15 November 2021

Taxability of gratuity:
Any death cum retirement gratuity under the CCS PENSION RULES 1972 OR UNDER ANY SIMILAR SCHEMES RECEIVED BY ALL CATEGORIES OF CENTRAL AND STATE GOVERNMENT EMPLOYESS EXEMPTED UNDER SRCTION sec 10
Any other gratuity received under section 4(2) and (3) of the payment of gratuity act 1972.
any other gratuoty received on retirement , termination or death by the employee , his widow or dependant subjecy to max. of one half montgs salary for each year of completed service sec 10(10)