https://www.taxtmi.com/manuals?id=1140 Deduction for gratuity is restricted where only a provision is made for employee gratuity on retirement or termination, except for contributions to an approved gratuity fund or gratuity that has actually become payable during the year. Unapproved gratuity fund provisions are not deductible, and no second deduction is available when actual payment is made out of a provision already allowed. The material also distinguishes LIC premium treatment and notes that transfer of gratuity to a new employer may be treated as payment for deduction purposes. en-us Tue, 15 Sep 2015 11:20:00 +0530 Fri, 01 May 2026 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1140 Deduction for gratuity is restricted where only a provision is made for employee gratuity on retirement or termination, except for contributions to an approved gratuity fund or gratuity that has actually become payable during the year. Unapproved gratuity fund provisions are not deductible, and no second deduction is available when actual payment is made out of a provision already allowed. The material also distinguishes LIC premium treatment and notes that transfer of gratuity to a new employer may be treated as payment for deduction purposes. Manuals Income Tax Tue, 15 Sep 2015 11:20:00 +0530 https://www.taxtmi.com/manuals?id=1140