the 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.
1 Replies
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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