Example:-X, an employee of A Ltd., receives 62,000 as gratuity (he is covered under the Payment of Gratuity Act, 1972). He retires on 31st January, 2015 after service of 29 years and 8 months. At the time of retirement monthly salary of X was 3,100. Is the entire amount of gratuity exempt from tax?

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..... time of retirement monthly salary of X was 3,100. Is the entire amount of gratuity exempt from tax?
Salary - Gratuity - [Sec. 10(10)] Income Tax – Salary
Income Tax
Manuals
Dated:- 10-8-20 .....

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