Taxable amount of Gratuity for Mr. Nagraj (A.Y. 2024-25)

Taxable Amount of Gratuity for Mr. Nagraj (A.Y. 2024-25) Question Summary: Mr. Nagraj retires on 25 December 2023 from ABC Ltd. He is not covered under the Payment of Gratuity Act. He served for 36 years and 9 months and received ₹5,00,000 as gratuity. His salary was ₹6,000 per month up to June 2023 and […]

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