CA Abhishek Singh (practice) (2105 Points)
19 July 2014one of my client received gratuity from fomer employers in the year 2013-14 rs.400000/-. he resigned from the job in 2013 and started his own business. He did not retire but he resigned.
whether this is taxable or exempt ?
CA R SEETHARAMAN
(CA Practice )
(145109 Points)
Replied 19 July 2014
Even if you resign gratuity is exempted.
Least of the following is exempted:-
a) Actual gratuity received
b) 15 days Basic and DA for each completed year of service.
c) Rs 10 lakh
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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