Anil Rego |330 Answers |Ask -Follow
Financial Planner - Answered on Dec 21, 2020
I have received Rs 1876910/-
My company has mentioned Rs 911642/- as tax exemption and the remaining amount was taxed.
I have cross checked with the exemption limit using income tax gratuity tax calculator. it shows my tax exemption limit as Rs 1051895/-.
My employer says you are not paid as per gratuity payment act. The company is covered under the act. I do not know other provisions of my company if any.
Please advise me the method of calculation
We suggest computing as per above provision and claim tax exemption.
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