Gratuity is a payment received by an individual for their past services rendered to an organization, typically before or upon their retirement. In the Income Tax Act of 1961, there are provisions that determine the taxability of gratuity amounts. These provisions differentiate between government emp...

The amount that you contribute through your employer towards your provident fund every month not only helps create a retirement corpus for you but also financial security net for your family. Besides monthly pension paid to employees at retirement (58 years of age), it is also paid to family members...