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 1

Answer:

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