Tax treatment of Gratuity under the Income Tax Act, 1961

Gratuity’ is a retirement benefit. Gratuity Act, 1972 act envisages in providing retirement benefit to the workman who have rendered long and unblemished service to the employer. Gratuity is a reward for long and meritorious service. Earlier, it was...

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]