Question
An employee receives gratuity of ₹12 lakhs on
retirement. What is the maximum tax-exempt amount under the Income Tax Act?Solution
As per current rules, ₹20 lakhs is exempt for gratuity received by non-government employees under Payment of Gratuity Act.
More Taxation Related Questions
(342 – 20% of 5280) = ? ÷ 3
20 + 160/? × 20 = 420
690 ÷ (75% of 460) = ? ÷ (50% of 160)
1200% of 18 + √1600 + 62 = ?2 + (90 of 0.4)
What will come in the place of question mark (?) in the given expression?
(308 – 154) ÷ 11 = ? ÷ 15
168 163 153 138 118 ?
...- Evaluate: 210 ÷ 15 × 7 + 200 – 50% of 600
48% of ? = 10176
√256 × 25 – 15 × 14 =?
- What will come in the place of question mark (?) in the given expression?
? = 20% of 25% of 15% of 12000
