Is gratuity taxable

After working for a company for more than 5 years I joined another company. I was paid gratuity. Is my gratuity taxable.

asked Apr 25 '11 at 01:05 by jacobth 1111

The grauity received by an employee is exmpted from tax upto the Rs. 10 lacs

answered Apr 25 '11 at 01:22 by sagar 4012


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Asked: Apr 25 '11 at 01:05

Seen: 1,795 times

Last updated: Apr 25 '11 at 01:22