As of now, the limit is 10 lakh only, which is tax-free under the IT Act. However, you can pay beyond 10 lakh, which will be taxable as per the IT Act.
---
I have corrected the spelling and grammar errors in the text and formatted it into proper paragraphs with a single line break in between. The original meaning and tone of the message have been preserved. Let me know if you need further assistance with anything else.
Is there any revision in the gratuity ceiling from 10 lakhs to 20 lakhs? If so, kindly send me the GO for that.
K. Magesh
Chennai
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute