Shivani has already availed exemption of gratuity under section 10(10) (to the extent of ₹ 1,80,000, and thereafter she gets gratuity of ₹ 3,25,000 from her new employer at the time of retirement. The maximum ceiling limit of exemption for her would be:
A. ₹ 10,00,000
B. ₹ 18,20,000
C. ₹ 18,00,000
D. 120,00,000
Answer:B
Shivani has already availed exemption of gratuity under section 10(10) (to the extent of ₹ 1,80,000, and thereafter she gets gratuity of ₹ 3,25,000 from her new employer at the time of retirement. The maximum ceiling limit of exemption for her would be:
A. ₹ 10,00,000 B. ₹ 18,20,000 C. ₹ 18,00,000 D. 120,00,000