Moneycontrol
SENSEX NIFTY

Taxable Income

How much of Gratuity is exempt?

GRATUITY SECTION 10(10)

a) Any Death-cum-Retirement gratuity to Govt. Employees : Wholly exempt.

b) Any gratuity received by the employees covered under Payment of Gratuity Act, 1972. Least of the following is exempt:-

- 15 days salary (7 days in case of seasonal employment) for each completed year of service or part in excess of 6 months.

- Rs. 3,50,000.

- Amount of gratuity actually received

c) Any other gratuity, (not covered under (a) or (b)): Least of the followings is exempt:-

- Rs 3,50,000

- Half months salary for each completed year of service

- Amount of gratuity actually received.

Source: Income Tax Department

Income from House Property

Business

Capital Gains

Income from Other Sources

Wealth Tax

TDS

PAN

General

Taxable Income

Return of income

Assessment

Due dates for filing tax returns

Deductions

NRIs

Sections
Follow us on
Available On