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gratuity exemtion U/S 10(10) vis a vis incresed limit

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 December 2010 Dear Sir,

whether increased gratuity limit (10 lakhs) shall be available to the assessee who retired from service of bank 2 years back and got the differential gratuity in the month of June , 2010 because of wage revision took place in April, 2010??



kindly post your commnents positively at the earliest!!

thanks a lot

regards

CA DH Shah

30 December 2010 Exemption limit of 10 lacs will be available on arrear gratuity.



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