Exemption from Tax for Gratuity Payments Enhanced from Rs. 3.5 Lakh to Rs. 10 Lakh

Last updated: 12 June 2010

Exemption from Tax for Gratuity Payments Enhanced from Rs. 3.5 Lakh to Rs. 10 Lakh The Central Board of Direct Taxes has approved notification of ten lakh rupees as the maximum amount of gratuity entitled to exemption under sub-clause (iii) of clause (10) of section 10 of the Income Tax Act 1961. The notification will be applicable to employees who retire, or become incapacitated before retirement, or expire, or whose services are terminated, on or after the 24th May 2010.
Daily Limit Reached

You have reached your daily limit of 2 Free News

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Community
  • Daily E-Newsletter
  • Unlimited News Access
  • Profile Visitors
  • Link Social Profiles
  • Featured Job Posts
  • Pro Badge
  • Expert GST Guidance
  • Unlimited Forum Replies
  • Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience. 07941056694



Guest

News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

View News
Comments :

Recent News :

  1. GST Reforms to Begin from 1st Nov 2026: Major Changes from April 2027
  2. Equity Tax Debate Intensifies as Investors Seek STT and LTCG Relief
  3. CBIC Appoints Common Adjudicating Authority for 7 Customs Notices Against Amway India
  4. GST Council Proposes Removing ITC Blocks to Reduce Business Tax Costs
  5. GST Council Proposes Simpler Compliance Amid Heavy Tax Payments and ITC Challenges
  6. CBDT Exempts Maharajah INR Bond Interest from TDS for Tax Year 2026-27 Onwards
  7. CBDT Notifies Form 173A for Tax Exemption Claims on Govt Securities Under Income Tax Act 2025
  8. FM Sitharaman Flags AI-Driven Capital Outflows as Concern for Indian Stock Markets
  9. Investment Banker Urges India to Scrap Capital Gains Tax on Foreign Investors
  10. TDS Challan for FY 2025-26 Valid for TY 2026-27 Under Cross-Year Utilisation Rules

More »

Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member L. SHIVA KUMARL. SHIVA KUMARPro Member siddhesh satardekarsiddhesh satardekarPro Member K. SIVA RAMA KUMARK. SIVA RAMA KUMARPro Member Amit ChoudharyAmit ChoudharyPro Member CA DamodaramCA Damodaram
Subscribe to Pro
Join an elite circle of professionals


Browse by Category



Latest Job Openings

View all
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details