Gratuity exemption limit established to determine tax-free entitlement for qualifying retirements, terminations, deaths, and incapacities. The Central Government prescribes a single monetary cap as the maximum amount for purposes of the exemption under clause (10)(iii) of section 10, applying to employees who retire, become incapacitated prior to retirement, die, or whose employment is terminated on or after the notified effective date, thereby fixing the ceiling for computing the tax-free gratuity entitlement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Gratuity exemption limit established to determine tax-free entitlement for qualifying retirements, terminations, deaths, and incapacities.
The Central Government prescribes a single monetary cap as the maximum amount for purposes of the exemption under clause (10)(iii) of section 10, applying to employees who retire, become incapacitated prior to retirement, die, or whose employment is terminated on or after the notified effective date, thereby fixing the ceiling for computing the tax-free gratuity entitlement.
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