Dear Sir,
I was a PSU employee and retired in December-2017. I have been paid Rs. 2000000/- at the time of my superannuation. Tax on Rs. 1000000/- has also been deducted at source. Now the Gratuity Amendment Bill has been notified on 29-March-2018. The question is whether I am entitled for exemption of Tax on Rs. 1000000/- of gratuity amount or not? Please help me.
Thanks
SK Verma
Bill has been passed in the Parliament........ and after the assent of President...... notification will be issued by CBDT......... till then exemption limit remains Rs. 10 lakh (alongwith other conditions)......
So, wait for final notification (for any retrospective effect)........
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