Mr. Vijay employed in ABC Ltd opted for voluntary retirement and received ₹ 22 lakh by way of gratuity. The Payment of Gratuity Act, 1972 is applicable in his case. The monetary limit for exemption under Section 10(10) is:

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Question:Mr. Vijay employed in ABC Ltd opted for voluntary retirement and received ₹ 22 lakh by way of gratuity. The Payment of Gratuity Act, 1972 is applicable in his case. The monetary limit for exemption under Section 10(10) is:

1. ₹ 35,00,000

2. ₹ 10,00,000

3. ₹ 20,00,000

4. ₹ 30,00,000

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  1. Mr. Vijay employed in ABC Ltd opted for voluntary retirement and received ₹ 22 lakh by way of gratuity. The Payment of Gratuity Act, 1972 is applicable in his case. The monetary limit for exemption under Section 10(10) is:
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