Dear Sir,
Our University (Lala Laj Rai University of veterinary & Animal Sciences, Hisar) was established by state legislation act and is a state university. Hundred per cent funding is by state government for salaries and the allowances. Haryana government is the appropriate government for the university. Earlier, the retirees used to get full tax exemption on Rs. 3,50,000/- gratuity. The gratuity limit has been increased from Rs. 3.5 lac to Rs. ten lac, however, the income tax department is allowing tax exemption for Rs. 3,50,000/- only. My query is whether our employees are ellegible for full tax exemption of ten lac gratuity?
Regards.
Prof. Sukhbir Singh
President, Teachers'Association
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