Example:-X, an employee of A Ltd., receives 62,000 as gratuity (he is covered under the Payment of Gratuity Act, 1972). He retires on 31st January, 2015 after service of 29 years and 8 months. At the time of retirement monthly salary of X was 3,100. Is the entire amount of gratuity exempt from tax?

Example:-X, an employee of A Ltd., receives 62,000 as gratuity (he is covered under the Payment of Gratuity Act, 1972). He retires on 31st January, 2015 after service of 29 years and 8 months. At the time of retirement monthly salary of X was 3,100. Is the entire amount of gratuity exempt from tax? https://www.taxtmi.com/tmi_notes?id=86 Example:-X, an employee of A Ltd., receives 62,000 as gratuity (he is covered under the Payment of Gratuity Act, 1972). He retires on 31st January, 2015 after service of 29 years and 8 months. At the time of retirement monthly salary of X was 3,100. Is the entire amount of gratuity exempt from tax? en-us Mon, 10 Aug 2015 11:14:00 +0530 Mon, 10 Aug 2015 18:46:00 +0530 TaxTMI RSS Generator Example:-X, an employee of A Ltd., receives 62,000 as gratuity (he is covered under the Payment of Gratuity Act, 1972). He retires on 31st January, 2015 after service of 29 years and 8 months. At the time of retirement monthly salary of X was 3,100. Is the entire amount of gratuity exempt from tax? https://www.taxtmi.com/tmi_notes?id=86 Example:-X, an employee of A Ltd., receives 62,000 as gratuity (he is covered under the Payment of Gratuity Act, 1972). He retires on 31st January, 2015 after service of 29 years and 8 months. At the time of retirement monthly salary of X was 3,100. Is the entire amount of gratuity exempt from tax? Notes Income Tax Mon, 10 Aug 2015 11:14:00 +0530 https://www.taxtmi.com/tmi_notes?id=86