Income Tax on Gratuity

IT Exemption for Gratuity upto 20 Lakh – Gazette Notification

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IT Exemption for Gratuity upto 20 Lakh – Gazette Notification Gazzette Notification: Exemption u/s 10 of Income Tax – Rs. 20 Lakh for Gratuity w.e.f. 29.03.2018 MINISTRY OF FINANCE (Department of Revenue (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 8th March, 2019 (Income-tax) S.O. 1213(E).—In exercise of the powers conferred by sub-clause (iii) … Read more

Income Tax on Gratuity – exemption enhanced Up to 20 lakhs

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Income Tax on Gratuity – exemption enhanced Up to 20 lakhs Income tax exemption for gratuity increased from Rs.10 lakhs to 20 lakhs w.e.f. 29.3.2018 Income tax exemption for gratuity enhanced Up to Rs. 20 lakhs Ministry of Finance has enhanced the income tax exemption for gratuity under section 10 (10) (iii) of the Income … Read more