Under Indian income-tax law as of 4 November 2026, what is the maximum monetary ceiling on relief for…
The monetary ceiling is Rs. 20,00,000 for eligible retirement gratuity of a non-government employee. The income-tax relief remains subject to the applicable calculation and…
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Under Indian income-tax law as of 4 November 2026, what is the maximum monetary ceiling on relief for eligible gratuity received by a non-government employee on retirement, subject to the applicable calculation and other conditions?
Answer and explanation
Correct answer C
The monetary ceiling is Rs. 20,00,000 for eligible retirement gratuity of a non-government employee. The income-tax relief remains subject to the applicable calculation and other conditions, so the ceiling does not mean that every receipt up to that amount is automatically deductible.
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Gujarat SET (GSET)