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19 October 2019 gratuity limit applicable for nov 2019 examinations (ca inter) in case of employees not covered under gratuity act
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
26 May 2020 20 lakh

Income Tax Exemption on Gratuity. Gratuity is a benefit given by the employer to employees. A recently approved amendment by the Centre has increased the maximum limit of gratuity. Now it is tax exempt up to Rs 20 lakh from the previous ceiling of Rs 10 lakh, which comes Section 10(10) of the Income Tax Act.
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