Retirement
Gratuity
pronounced: [G-r-a-t-u-i-t-y]
A lump-sum payment made by an employer to an employee as gratitude for at least five years of service, governed by the Payment of Gratuity Act.
It is partially tax-exempt under Section 10(10).
Key Facts
| Fact | Value |
|---|---|
| Tax Benefit | EEE (Exempt-Exempt-Exempt) |
Frequently Asked Questions
Related Terms
Last updated: 21 May 2026