Bhaskar jyoti Patowary (Querist) (35 Points)
25 June 2012the gratuity received by a central govt / state govt. employee is fully exempted from tax. plz inform me whether in this connection a govt of india undertaking company falls under central govt. is gratuity received by an employee of govt of india undertaking company fully exempted from tax? plz help.
CA sanjeev goyal
(senior excutive)
(100 Points)
Replied 25 June 2012
yes, the gratutity reciept from the govt of india should also be exempt.
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