Limit of Exemption of Gratuity under Income Tax Act

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....imit of Exemption of Gratuity under Income Tax Act<br> Query (Issue) Started By: - rajesh marwaha Dated:- 8-3-2010 Last Reply Date:- 13-3-2010 Income Tax<br>Got 1 Reply<br>Income Tax<br>What is the li....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....mit of Exemption of Gratuity under Income Tax Act in the case of Gratuity received by employee after regular retirement of PUBLIC SECTOR UNDERTAKING (e.g. NTPC). Is there any recent change in this pr....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ovision? Reply By Surender Gupta: The Reply: Section 10(10)is applicable to provide exemption in respect of gratuity. In case of government employees, full exemption is there in resepect of gratuity.....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... An employee of PSU can not be held as members of civil services of Union and therefore covered by the provisions of Payment of Gratuity Act, 1972 (39 of 1972). And therefore, he is eligible for exemp....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tion to the extent t does not exceed an amount calculated in accordance with the provisions of sub-sections (2) and (3) of section 4 of that Gratuity Act.<br> Discussion Forum - Knowledge Sharing ....