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gratuity

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Querist : Anonymous (Querist)
23 November 2010 whats about Gratuity exemption limit, 3.5 Lacs or 10 Lacs, under Gratuity act or otherwise

23 November 2010 Gratuity limit is increased to Rs.10 lakhs by the Payment of Gratuity(Amendment) Act,2010 dated 18/05/2010.
Gratuity limit for the purpose of Income tax Act,1961,section 10(10)(iii),is also increased to Rs.10 lakhs vide Notification 43/2010 dated 24/5/2010.

23 November 2010 The revised limit is Rs 10 Lakh


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