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Gratuity under the Payment of Gratuity Act, 1972 is exempt up to the limit under which sections?

ASections 4(2), 4(3)
BSections 7(1), 8
CSections 14, 15
DSections 2(e), 3
Answer & Solution
Correct answer: A. Sections 4(2), 4(3)
The exemption extends to the amount calculated under sub-sections (2) and (3) of section 4 of the Gratuity Act.
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