Discuss with India's Most Trusted HR Community

Announcement

Collapse
No announcement yet.

What Is The Maximum Limit Of Gratuity Amount And On That Can Any Income Tax Get Attracted As Working In PSUs ?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • What Is The Maximum Limit Of Gratuity Amount And On That Can Any Income Tax Get Attracted As Working In PSUs ?

    The period of service in a PSU is 38 years. Is there any maximum limit on Gratuity and is it taxable?

  • #2
    Tax free limit of Gratuity is presently as follows; "Income Tax Exemption for Gratuity under Section 10(10)(iii) of the Income Tax Act has been enhanced to Rs 20 lakh. Beyond 20 lakhs amount will be taxable.

    Comment

    What's Going On

    Collapse

    There are currently 7 users online. 0 members and 7 guests.

    Most users ever online was 75 at 06:44 AM on 02-07-2021.

    Working...
    X