Ramesh, retried from ABC Company Ltd. on 31-04-2019 after rendering services for 30 years and 6 months. He was paid 22 lakhs as gratuity under the Payment of Gratuity Act, 1972. His last drawn salary details are basic salary 45,000, dearness allowance 44,000 (35 percent for retirement benefits). Calculate his taxable gratuity?

Ramesh, retried from ABC Company Ltd. on 31-04-2019 after rendering services for 30 years and 6 months. He was paid 22 lakhs as gratuity under the Payment of Gratuity Act, 1972. His last drawn salary details are basic salary 45,000, dearness allowance 44,000 (35 percent for retirement benefits). Calculate his taxable gratuity?

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter4: Gross Income: Concepts And Inclusions

Section: Chapter Questions

Problem 52P

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