The maximum ceiling limit of exemption for the purpose of exemption under section 10(10)(i.e. an employee not covered under the payment of Gratuity Act, 1972 is:
A. ₹ 10,00,000
B. ₹ 5,00,000
C. ₹ 3,50,000
D. ₹ 20,00,000
Answer:D
The maximum ceiling limit of exemption for the purpose of exemption under section 10(10)(i.e. an employee not covered under the payment of Gratuity Act, 1972 is:
A. ₹ 10,00,000 B. ₹ 5,00,000 C. ₹ 3,50,000 D. ₹ 20,00,000