Given below are two statements.Statement (I): Gratuity received by Government employee is exempted from tax under Section 10(10)(i) of the Indian Income Tax Act, 1961.Statement (II): Gratuity received by local authority employee is exempted from tax.In the light of the above statements, choose the correct answer from the options given below:

• A. Both Statement (I) and Statement (II) are true
• B. Both Statement (I) and Statement (II) are false
• C. Statement (I) is correct but Statement (II) is false
• D. Statement (I) is incorrect but Statement (II) is true