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exemption limit of gratuity
exemption limit of gratuity ???
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The least of the following three amounts is exempt from income-tax:
- Computed gratuity (as per formula: Last drawn basic salary x Tenure of service x 15/26)
- Rs.20,00,000 (which has been hiked from Rs.10,00,000 as per the latest amendment);
- Actual amount received as gratuity
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ARTICLESHIP
15 September 2026
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