Gratuity exemption increased for qualifying retirements, deaths or terminations on or after 24 May 2010. The Central Government specified ten lakh rupees as the maximum exempt gratuity amount under Section 10(10)(iii) of the Income-tax Act, 1961, applying to employees who retire, become incapacitated prior to retirement, die, or whose employment is terminated on or after 24 May 2010, and superseding the earlier notification dated 20 January 1999.