Double tax-free gratuity to ₹20 lakh cleared by Cabinet

Surya Kumaran gratuity, HRAPP, tax benifits Leave a Comment

Gratuity may be one of the components of your CTC (cost to company). It is taxed under the head Income from Salaries. Some portion of gratuity received is exempt from tax as per Section 10(10) of the Income Tax Act and we will see how exemption is calculated. Rules relating to Gratuity which is applicable to an Employer are set out in Payment …