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    <description>Section 10(10) of the Income Tax Act provides exemption for gratuity; government employees receive full exemption. Public sector undertaking employees are covered by the Payment of Gratuity Act, 1972 and are eligible for exemption only to the extent the gratuity does not exceed the amount calculated under the Act&#039;s provisions corresponding to subsections (2) and (3) of section 4.</description>
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      <description>Section 10(10) of the Income Tax Act provides exemption for gratuity; government employees receive full exemption. Public sector undertaking employees are covered by the Payment of Gratuity Act, 1972 and are eligible for exemption only to the extent the gratuity does not exceed the amount calculated under the Act&#039;s provisions corresponding to subsections (2) and (3) of section 4.</description>
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