is Gratuity received from Employer taxable ?

Querist : Anonymous (Querist) 29 March 2011 This query is : Resolved
Dears

Please advice whether Gratuity received by employer is taxable ?

If yes what is the limit for it

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Kirti Kar Tripathi (Expert) 29 March 2011
No. it is not

preet (Expert) 30 March 2011
no, as tax is deducted at source(TDS) from it

lawyerpreetkaur@gmail.com

R.Ramachandran (Expert) 30 March 2011
Dear Preet,
First you have provide answer whether gratuity is subject to tax or not.
That is the precise question.
Instead you say no.
If no tax is payable on the Gratuity, then why will the employer effect TDS on the amount of gratuity paid?

soumitra basu (Expert) 02 April 2011
Gratuity received from Government Employer is fully exempt from payment of tax.
Gratuity received from employer other than government is exempt upto Rs. 3.50 Lacs subject to certain limit.

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