https://www.taxtmi.com/forum/issue?id=1946 Increase in gratuity limit to ten lakh is contested as to its effective date for income tax exemption. Forum replies conflict: one indicates the Payment of Gratuity Act has not been amended and parliamentary amendment is pending; another cites a notification dated on the 18th giving effect from the appointed day of 24.5.2010. The increased limit, when in force, applies only to persons retiring on or after the appointed day; until the amendment is formally brought into force the earlier limit governs taxability. en-us Mon, 24 May 2010 17:23:06 +0530 Thu, 23 Jan 2025 15:58:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1946 Increase in gratuity limit to ten lakh is contested as to its effective date for income tax exemption. Forum replies conflict: one indicates the Payment of Gratuity Act has not been amended and parliamentary amendment is pending; another cites a notification dated on the 18th giving effect from the appointed day of 24.5.2010. The increased limit, when in force, applies only to persons retiring on or after the appointed day; until the amendment is formally brought into force the earlier limit governs taxability. Discussion-Forum Income Tax Mon, 24 May 2010 17:23:06 +0530 https://www.taxtmi.com/forum/issue?id=1946