Question

2. Mr Sovan Sarkar retired from M/s Aujha Ltd. After completing service of 34 years 11 months on 30th

June 2019. He received Rs 9,00,000 as gratuity in July 2019. His basic Pay was Rs 33,600/- p.m. and

dearness Allowance as per terms of employment was 25% of basic pay. His annual increment falls due

every year on 1st January @ Rs 1,200 p.m.

The amount of Gratuity exempt u/s 10(10) of the Income Tax Act will be –

Answer:

a) Nil

b) Rs 9,00,000/-

c) Rs 8,48,077/-

d) Rs 10,00,000/-​

Answer 1

Answer:

Hey Mate Here Is your answer...

Explanation:

c)rs.8,48,077 i think its correct please follow and mark as brainliest...