The maximum amount of gratuity has now been enhanced to Rs 20 lakhs from ........

Social Security Evolution of social security in India

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The maximum amount of gratuity has now been enhanced to Rs. 20 lakhs from -

5 lakhs

10 lakhs

7.5 lakhs

8.5 lakhs

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Explanation:

A recently approved amendment by the Centre has increased the maximum limit of gratuity. Now it is tax exempt up to Rs 20 lakh from the previous ceiling of Rs 10 lakh, which comes Section 10(10) of the Income Tax Act. Hence option 2nd is correct.