Dear All, I was associated with a proprietary firm for the last 6.5 years. I resigned in February 2019 to take up a position with another pvt ltd company.
I was paid gratuity for the period I had my services. Now my question is, is this gratuity paid exempted from tax? I am confused because it is not a retirement benefit, but I was paid the amount specifically under the head gratuity. Please help with the matter. Thanks in advance.
Regards
D Prashant
I was paid gratuity for the period I had my services. Now my question is, is this gratuity paid exempted from tax? I am confused because it is not a retirement benefit, but I was paid the amount specifically under the head gratuity. Please help with the matter. Thanks in advance.
Regards
D Prashant