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prashant1314 (HR Learner)     13 February 2013

Gratuity - it - exemptions ?

Dear Seniors,

If the employee at the time of separation receives gratuity which is Tax free as per IT Act provsion; if the said employee joins another organization & become eligible for Gratuity then is this Gratuity is tax free upto upper limit of Gratuity amount or for only one time the Gratuity Amount would be Tax free.

Thanks in anticipation.


Learning

 1 Replies

Kumar Doab (FIN)     16 February 2013

The ceiling of Rs. 10  lakh applies to the aggregate of gratuity received from one or more employers in the same or different years.


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