CBDT enhances exemption to Gratuity upto Rs 10 lakh !

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CBDT has notified that employees  who  retire,  or become incapacitated before retirement, or expire, or whose services are terminated, on or after the 24th May 2010 will get exemption of ten lakh rupees as the maximum amount of gratuity entitled under sub-clause (iii) of clause (10) of section 10 of the Income Tax Act 1961. Read the…

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