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Taxability of Gratuity


asheeq ua (ca ipcc)     17 December 2020

asheeq ua
ca ipcc 
 8 likes  282 points

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One of client has served for 7 years, 2 months and 26 days. Wages last drawn per month Rs. 20912. And he has recived around 84k as Gratuity.

1. Is Gratuity received Taxable ?

2. If yes How much need to pay ?
And what are the conditions?

3. How to Know if the employer has covered under the payment of Gratuity Act or not ?




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