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Gratuity max limit
is the limit hiked to 20 lakh for gratuity not covered under gratuity act 1972?
Replies (1)
Yes.
https://egazette.nic.in/WriteReadData/2019/199504.pdf
In the said notification exemption u/s 10(10)(iii) of Income-tax Act, 1961 is not covered by Payment of Gratuity Act, 1972.
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