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?

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....ime of retirement monthly salary of X was 3,100. Is the entire amount of gratuity exempt from tax?<br>Salary - Gratuity - [Sec. 10(10)] Income Tax – Salary<br>Income Tax<br>Manuals<br>Dated:- 10-8-2....