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Increase in gratuity limit made effective from 24.5.2010

P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)

28 May 2010

Dear friends,

As per attached notification, increase in ceiling for gratuity from Rs.3.50 lacs to Rs.10 lacs has been made effective from 24.5.2010.

Thanks

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7 Replies

Ashish M (Chartered Accountant) (2731 Points)
Replied 28 May 2010

thanks very much!!!!!!!!!!!!!!

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CAMohinderPartapSinghAhluwalia (Chartered Accountant) (169 Points)
Replied 28 May 2010

thank you very much for the above reply

Husain Vohra (Job) (25 Points)
Replied 31 May 2010

My father has retired on 20.05.2010, can he avail this extended limit

Husain Vohra (Job) (25 Points)
Replied 31 May 2010

My father has retired on 20.05.2010, can he avail this extended limit

CAMohinderPartapSinghAhluwalia (Chartered Accountant) (169 Points)
Replied 31 May 2010

HUSAIN your father is not entilled for this above benefit because this benefit is entilled to those persons who retired on 24/05/2010 or afterwards

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CA. Shwetank Vats (Chartered Accountant) (653 Points)
Replied 05 June 2010

thanks sir

kinjal (Student) (32 Points)
Replied 01 February 2011

SIR,

MY FATHER GOT GRATUITY OF RS. 500000/- IN 2008 AND WE TOOK DEDUCTION OF RS. 350000/- AS PER RULES. BUT NOW HE GOT ARREARS OF GRATUITY OF RS. 200000/- SO DAT WILL BE TAXABLE ??? AND HE WAS IN BOI (NATIONALISED BANK) SO CAN BE CONSIDERED AS GOVT EMPLOYEE ????