Gratuity Ceiling limit for the asst. year 2011-12

Can anyone tell me what is the ceiling limit for gratuity and the effective date of the amendment bill 2010

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I read in a news paper which stated that from A.Y. 2011-12 the limits will be increased to Rs. 10,00,000 in case of gratuity.

 

Please correct me if im wrong.

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