one 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 ?
Menu
Gratuity received on resignation is taxable or not ?
Replies (1)
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
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
