Central Government, regard to the maximum amount of any gratuity payable to its employees, hereby specifies two lakhs and fifty thousand rupees as the limit u/s 10(10)(iii)

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....Dated:- 1-2-1996 Income Tax Act, 1961<br>Income Tax<br>Section 010(10)<br>Inc.Tax Act 1961<br>Central Government, regard to the maximum amount of any gratuity payable to its employees, hereby specifi....

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....pees as the limit for all the three purposes mentioned in that sub-clause in relation to the employees, referred to therein, who retire or become incapacitated prior to such retirement or die on or af....