Where to show gratuity exemption in income tax return (itr-2)

If a professional has worked in an organisation for more than five years now, they might be aware of gratuity. They might Google questions like these:

• Is gratuity taxable or not?
• Is gratuity taxable in India?
• What is tax exemption on gratuity?
• How to go about tax exemption calculation?

  And so on. 

Here is a brief explanation of the gratuity taxable limit, gratuity exemption and more. 

What is gratuity? 

Gratuity is defined as per Section 10(10) of the Income Tax Act.

It is a benefit given to an employee who has completed at least 5 years of continuous service in a company. The employer provides this benefit after the employee’s employment is terminated. The employment termination eligible for gratuity are superannuation, resignation or retirement, death, and disablement caused due to accident or disease. 

Is gratuity taxable?

An employee who has rendered continuous service for at least five years is paid gratuity as a token of gratitude from the employer.

So, just like any other income, gratuity is taxable abov

where to show gratuity in itr2

how to show gratuity income in itr