Gratuity received during an employee's service is taxable under the head "Income from Salary." However, if gratuity is received due to retirement, resignation, or specific reasons, then it is exempt U/s 10(10) of the Act. When the gratuity amount is received by the nominee or legal heir in case of death, then it becomes taxable under the head "Income from Other Sources."
Is the amount of the gratuity received considered my income?
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