graduity
This query is : Resolved
09 December 2009
What is d graduity exemption limit for the A.Y. 2009-10 ?
09 December 2009
For Government employees it is fully exempt.
Maximum Rs.3,50,000/-. if it is received under the Payment of Gratuity Act, 1972.
In other case-
1/2 month's salary for each year of completed service (calculated on the basis of average salary for the ten months immediately preceding the month in which any such retirement took place)
Maximum in this case also Rs.3,50,000/-
Ca Rakhecha
Surat
Maximum Rs.3,50,000/-. if it is received under the Payment of Gratuity Act, 1972.
In other case-
1/2 month's salary for each year of completed service (calculated on the basis of average salary for the ten months immediately preceding the month in which any such retirement took place)
Maximum in this case also Rs.3,50,000/-
Ca Rakhecha
Surat
10 December 2009
agree
10 December 2009
thanks sir
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