Question
Gratuity received by a Government employee on retirement is:
Option 2 : Fully exempt from income tax
Detailed Solution
सही उत्तर Fully exempt from income tax है।
Gratuity received by a Government employee on retirement is fully exempt from income tax, while for other employees the exemption is limited to Rs 20 lakh.
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prepsnap.in • Domain-SpecificQuestion:
Gratuity received by a Government employee on retirement is:
Correct Answer: Fully exempt from income tax
Gratuity received by a Government employee on retirement is fully exempt from income tax, while for other employees the exemption is limited to Rs 20 lakh.