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May 25
Income Tax On Gratuity: Exemptions and Limits
Income Tax On Gratuity: Exemptions and Limits Gratuity under the Income Tax Act, 1961, is a lump-sum payment made by an employer to an employee in recognition of their long-standing service. The taxability of this amount varies depending on whether the employee falls under the Payment of Gratuity Act, 1972…
