Payal Maheshwari (CA Finalist / Articled Assistant) (54 Points)
26 September 2010
NUKUL GARG
(Senior Associate Consultant)
(1231 Points)
Replied 26 September 2010
There is no such restriction on amount of gratuity,
The limit of 3,50,000 is maximum exemption limit,within which no tax has to be paid(Subject to certain Conditions,as given in income tax Act,and also now the amount of 350000 is increased to 1000000,but not applicable for Nov.10 exam).
Abhay Sethia
(stundent)
(300 Points)
Replied 27 September 2010
Santosh
(Student ( Final Year - New ))
(348 Points)
Replied 27 September 2010
| Originally posted by : Nukul Garg | ||
 |
There is no such restriction on amount of gratuity, The limit of 3,50,000 is maximum exemption limit,within which no tax has to be paid(Subject to certain Conditions,as given in income tax Act,and also now the amount of 350000 is increased to 1000000,but not applicable for Nov.10 exam). |
 |
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