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SOLUTIONS TO ASSIGNMENT PROBLEMS

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The taxable portion of gratuity shall be Nil. 2. If Mr. Arpan is not a Government employee but covered by the Payment of Gratuity Act, 1972, then, gratuity received by him would be exempt up to least of the following : Particulars Amount(` ) i) Statutory limit 10,00,000 ii) Actual gratuity received 12,00,000

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