Section 6:
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
6. The first 2 million rupees of the aggregate amount received—
(a) as lump sum by way of commutation of pension or death gratuity or
as consolidated compensation for death or injury and paid—
(i) by virtue of any enactment;
(ii) from a superannuation fund;
(iii) under a personal pension scheme approved by the DirectorGeneral;
(b) as lump sum under the National Savings Fund Act;
I5 – 115 [Issue 9]
Income Tax Act
(c) by way of retiring allowance;
(d) by way of severance allowance determined in accordance with the
Employment Rights Act; and
(e) as compensation negotiated under section 42 of the Employment
Rights Act, limited to the amount of severance allowance referred to
in section 46 (5) (i) and (ii) of that Act,
on such conditions as may be prescribed.