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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Law lists 14 salary receipt categories with formulas, ceilings and aggregation for gratuity, pension, retirement pay; standard deduction Rs.75,000</h1> The provision lists 14 specific categories of salary receipts that are exempt or deductible, prescribing formulas, ceilings and aggregation rules (A-B) for gratuity, leave encashment, commuted pension, retrenchment/transfer/closure compensation and voluntary retirement payments, with different treatment for government employees; standard deduction is Rs.75,000 (or Rs.50,000 otherwise). The As Passed text mainly refines drafting and cross-references to statutes and notifications (Industrial Disputes Act, Payment of Gratuity Act, pension rules) without substantive change to entitlements or computations; practical impact focuses on correct classification, historical aggregation, record-keeping and reliance on external notified limits.
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