hard20 pts · first answer countspayroll-processinggratuityincome-tax
Gratuity from a second employer
An employee received ₹12,00,000 of exempt gratuity from a previous employer. Now they retire and receive ₹15,00,000 of gratuity, which also equals the formula amount. With a lifetime exemption ceiling of ₹20,00,000, how much of the new gratuity is taxable?
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