20 Lakh for Gratuity(Income Tax) w.e.f. 29.03.2018 – Gazzette Notification
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 8th March, 2019
(Income-tax)
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 8th March, 2019
(Income-tax)
S.O. 1213(E). – In
exercise of the powers conferred by sub-clause (iii) of clause (10) of
section 10 of the Income-tax Act, 1961 (43 of 1961), and in supersession
of Ministry of Finance, Department of Revenue, notification number S.O.
141(E), dated the 11th June, 2010, except as respects things done or
omitted to be done before such supersession, the Central Government,
having regard to the maximum amount of any gratuity payable to
employees, hereby specifies twenty lakh rupees as the limit for the
purposes of the said sub-clause in relation to the employees who retire
or become incapacitated prior to such retirement or die on or after the
29th day of March, 2018 or whose employment is terminated on or after
the said date.
[Notification No. 16 /2019/F. No. 200/8/2018-ITAI]
AJARAJESWARI R., Under Secy.
Signed Copy