The maximum amount of any death-cum-retirement gratuity received by an employee not covered under the payment of Gratuity Act, 1972 on Superannuation from the employer, exempt from tax is of ……………..
A. ₹ 20 Lakh
B. ₹ 10 Lakh
C. ₹ 5 Lakh
D. ₹ 15 Lakh
Answer:A
The maximum amount of any death-cum-retirement gratuity received by an employee not covered under the payment of Gratuity Act, 1972 on Superannuation from the employer, exempt from tax is of ……………..
A. ₹ 20 Lakh B. ₹ 10 Lakh C. ₹ 5 Lakh D. ₹ 15 Lakh