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Case law › Notifications › 1985 › Notification No. 537E
Notification 1 July 1985

Notification No. 537E

An exemption granted under section 10 of the Income-tax Act, 1961

What this is

Notification No. 537E was published on 1 July 1985. Its subject is An exemption granted under section 10 of the Income-tax Act, 1961.

This grants an exemption or a relief under a provision that allows one. Read the conditions attached: an exemption notification is construed strictly, and a condition missed is the exemption lost.

What it does

In exercise of the powers under the third proviso to clause (10) of section 10 of the Income-tax Act, 1961, and having regard to the maximum amount for the time being exempt under sub-clause (i) of that clause, the Central Government increases the limit of thirty-six thousand rupees to fifty thousand rupees for all the three purposes mentioned in the provisions of that clause. The increased limit applies in relation to employees who retire, become incapacitated or die on or after 31 March 1985, or whose employment is terminated on or after that date.

Who it reaches

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.
Under the 1961 ActNow
s.10s.11, s.19

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

In exercise of the powers conferred by the third proviso to clause (10) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the maximum amount which is for the time being exempt under sub-clause (i) of the said clause, hereby increases the limit of thirty-six thousand rupees to fifty thousand rupees for all the three purposes mentioned in the provisions of that clause in relation to employees who retire or become incapacitated or die on or after the 31st day of March, 1985, or whose employment is terminated on or after the said date.

[No. 6304/F. No. 133/126/85-TPL

From when

31 March 1985.

What to watch

Where you meet it

In the computation of exempt gratuity in the salary certificate and in the return for the year of retirement, incapacitation, death or termination.

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

← Notification No. 4251  ·  Notification No. 4241 →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.