26 January 2012
pls clarified me one retired public sector undertaking employee received enhanceed gratuity amount Rs.550000.00 in 2011 for the period from 1.1.2007 to 20.2.2009 (Retired date 20.02.2009) (“Employees who retire, become incapacitated, terminated, or die on or after May 24, 2010, will get I-T exemption for gratuity up to Rs 10 lakh,” the finance ministry said in a statement, notifiying the rule related to gratuity.)
Note:already he got exemption for gratuity 3.5lakhs in 2009
CAclubindia
