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July 2010

Gratuity Exemption Limit Enhanced—Notification No. 43, dated 11-6-2010.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Brijesh Cholera, Pratik Mehta | Chartered Accountants
Sejal Vasa | Company Secretary
Reading Time 1 mins
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The exemption limit under S. 10(10)(iii) is increased to ten
lakh rupees in relation to gratuity received by employees who retire or become
incapacitated prior to such retirement or die on or after the 24th day of May,
2010 or whose employment is terminated on or after the said date.


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