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Blogs, Income Tax Learning

As discussed in our previous blog, Gratuity is one of the incomes which are partially tax-free. In general terms, gratuity is a sum of money paid by an employer to its employee at the end of the period of his/her employment as a tip for contributing to the company and is one of the many retirement benefits offered by an employer to an employee upon leaving a job. While the whole amount of gratuity is not exempted for all employees, a part of the income is exempted u/s 10(10) forSEE DETAILS