What is exemption limit for graduity in A.Y. 2019-20?
Any person received RS.54,00,000/- on a retirement from the services as a Teacher from Govt. school, files ITR-1 every year?
after what amount the tax will be applicable???
1 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 23 April 2019
gratuity paid to government employee is fully exempt from tax. so no tax liability in your case
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