https://www.taxtmi.com/acts?id=50401 The amendment expands exempt gratuity treatment to death cum retirement and retiring gratuities under specified Central pension rules and analogous schemes for Union, defence, All India and State civil services and local authority employees; prescribes three categories of exempt gratuities with calculation rules based on average salary and statutory limits; defines "salary" by reference to the Fourth Schedule; and inserts a conditional exemption for income of charitable institutions devoted solely to the development, production, sale or marketing of khadi or village industries, subject to application, accumulation requirements and Commission approval. en-us Mon, 24 Mar 2025 17:53:56 +0530 Mon, 24 Mar 2025 17:53:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50401 The amendment expands exempt gratuity treatment to death cum retirement and retiring gratuities under specified Central pension rules and analogous schemes for Union, defence, All India and State civil services and local authority employees; prescribes three categories of exempt gratuities with calculation rules based on average salary and statutory limits; defines "salary" by reference to the Fourth Schedule; and inserts a conditional exemption for income of charitable institutions devoted solely to the development, production, sale or marketing of khadi or village industries, subject to application, accumulation requirements and Commission approval. Act-Rules F. Acts / Amendment Acts Mon, 24 Mar 2025 17:53:56 +0530 https://www.taxtmi.com/acts?id=50401