Section 10(10) → Section 12
Exemption - Gratuity
Quick Answer
Section 10(10) of the Income Tax Act, 1961 (Exemption - Gratuity) corresponds to Section 12 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
Sec 10(10)
Provision Summary
Exemption for death-cum-retirement gratuity, subject to specified limits (currently Rs. 20 Lakhs for non-government employees).
Sec 12
Provision Summary
Retained under the consolidated exemptions chapter.
Key Changes & Highlights
- Limits auto-adjust based on periodic government notifications without needing a full Act amendment.
Related Sections
Frequently Asked Questions
What does Section 10(10) of the Income Tax Act 1961 deal with?
Section 10(10) (Exemption - Gratuity) Exemption for death-cum-retirement gratuity, subject to specified limits (currently Rs. 20 Lakhs for non-government employees).
What is the new section number for Section 10(10) under the Direct Tax Code 2025?
Section 10(10) of the ITA 1961 maps to Section 12 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 10(10) under the new tax code?
Section 10(10) is marked as "Retained" with status "Active". Impact: High - Essential retirement benefit for salaried employees.
What are the key changes to Section 10(10) under DTC 2025?
Limits auto-adjust based on periodic government notifications without needing a full Act amendment.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
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