Question

9. Mr. Atul, covered under the Payment of Gratuity Act, 1972, retires on 10th January, 2018 after
serving the company for 16 years. At the time of retirement his basic salary was Rs.4,400 p.m. and
DA Rs.800 p.m. On retirement he receives Rs.1,00.000 as gratuity. Compute the
exempt U/s 10(10).​

Answer 1

Explanation:

Atul, covered under the Payment of Gratuity Act, 1972, retires on 10th January, 2018 after

serving the company for 16 years. At the time of retirement his basic salary was Rs.4,400 p.m. and

DA Rs.800 p.m. On retirement he receives Rs.1,00.000 as gratuity. Compute the

exempt U/s 10(10).