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Is gratuity taxable?

In: Mathematical Finance, Income Taxes, Non-US Taxes [Edit categories]

Answer:

Yes the amounts are property, etc received would be taxable income to the receiver of the gratuity.

First answer by Mebrg. Last edit by Mebrg. Contributor trust: 32 Question popularity: 0 [recommend question].

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Gratuity can be received by the employee at the time of his retirement or by his legal heir in the event of death of the employee. Gratuity received by an employee on his retirement is taxable under...
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