Gratuity exemption for fy 2017-18 rs. 20 lacs or rs. 10 lacs

Toshar Ahuja (Chartered Accountant) (107 Points)

26 July 2018  

Gratuity Exemption Limit enhanced Rs. 20 lacs by notification dt. 29.03.2018 under the payment of gratuity act. Is the gratuity paid before 29.03.2018 during the FY 2017-18 is eligible for exemption under Income Tax Act upto Rs. 20 lacs or not ?