GRATUITY EXEMPTION LIMIT FOR FY. 2024-25
This query is : Resolved
Quick Summary
GNPS Punjabi Bagh
(Querist)
04 October 2024
From FY 2024-25 Gratuity Maximum limit has been increased upto 25 lakh from 20 lakh. So i want to know whether exemption limit in income tax still 20 lakh or it is increased.
Dhirajlal Rambhia
(Expert)
04 October 2024
This enhancement will be effective from 1st January 2024.
Refer Press note:: https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2022470
Refer Press note:: https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2022470
Dhirajlal Rambhia
(Expert)
11 October 2024
Good luck ....
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