TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II SECTION 3, SUB-SECTION (ii)]
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Direct Taxes)
(Income-tax)
NOTIFICATION
New Delhi, the 08th March, 2019
S.O. (E). In exercise of the powers conferred by sub-clause (iii) of clause (10) of section 10 of the Income-tax Act, 1961 (43 of 1961), and in supersession of Ministry of Finance, Department of Revenue, notification number S.O. 141(E), dated the 11th June, 2010, except as respects things done or omitted to be done before such supersession, the Central Government, having regard to the maximum amount of any gratuity payable to employees, hereby specifies twenty lakh rupees as the limit for the purposes of the said sub-clause in relation to the employees who retire or become incapacitated prior to such retirement or die on or after the 29th day of March, 2018 or whose employment is terminated on or after the said date.
(Notification No. 16/2019, F. No. 200/8/2018-ITA-I)
(Rajarajeswari R.)
Under Secretary to the Government of India
CAclubindia
Source : https://www.incometaxindia.gov.in/communications/notification/notification_16_2019.pdf