52. Substituted for the following by the Finance Act, 1985, w.e.f. 1-4-1986 :

      at the time of his retrenchment, to the extent such compensation does not exceed—

   (i)  an amount calculated in accordance with the provisions of clause (b) of section 25F of the Industrial Disputes Act, 1947 (14 of 1947) ; or

  (ii)  twenty thousand rupees,

      whichever is less.”

Supported by : http://www.taxmann.net