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	<title>TaxGuru &#187; maximum exempt gratuity</title>
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		<title>Post Amendment all you want to know about taxability of gratuity payment</title>
		<link>http://taxguru.in/income-tax/post-amendment-all-you-want-to-know-about-taxability-of-gratuity-payment.html</link>
		<comments>http://taxguru.in/income-tax/post-amendment-all-you-want-to-know-about-taxability-of-gratuity-payment.html#comments</comments>
		<pubDate>Wed, 09 Jun 2010 03:06:25 +0000</pubDate>
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				<category><![CDATA[Income Tax]]></category>
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		<description><![CDATA[Meaning of Gratuity :-Gratuity refers to the emoluments received by an employee from his employer in gratitude for the services rendered. Such sum can be paid on retirement, resignation, superannuation, death or disablement. Under the Gratuity Act, the sum can be paid only after an employee has rendered continuous service of not less than five years. Exceptions being termination of employment on account of death/disablement.]]></description>
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		<title>Tax treatment of Gratuity under the Income Tax Act, 1961</title>
		<link>http://taxguru.in/income-tax/tax-treatment-of-gratuity-under-the-income-tax-act-1961.html</link>
		<comments>http://taxguru.in/income-tax/tax-treatment-of-gratuity-under-the-income-tax-act-1961.html#comments</comments>
		<pubDate>Sun, 08 Nov 2009 10:18:05 +0000</pubDate>
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		<description><![CDATA[Gratuity’ is a retirement benefit. Gratuity Act, 1972 act envisages in providing retirement benefit to the workman who have rendered long and unblemished service to the employer. Gratuity is a reward for long and meritorious service. Earlier, it was not compulsory for an employer to reward his employee at the time of his retirement or resignation. But in 1972 the government passed the Payment of Gratuity Act that made it mandatory for all employers with more than 10 employees to pay gratuity.]]></description>
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