Jha's wife Binu received the medal from Mukherjee at a ceremony at the Rashtrapati Bhavan here.
The medal was awarded on India's 69th Independence day last year, which coincided with what would have been the late officer's 46th birthday.
Also, last year, Jha was the only paramilitary officer to get a military bravery medal.
Jha, an officer of the country's largest paramilitary force, led an anti-Naxal operation on July 3, 2014 in Jamui district of Bihar which led to the arrest of the wife of a hardcore Maoist leader Sidhu Koda and subsequently of two other ultras.
While laying siege upon a Maoist hideout in Jamui's Lakhari village, the slain officer laid out his strike team in an strategic manner and began the assault but was hit by enemy fire and the bullet pierced through his right eye and exited from the back.
"Jha was conferred with this rare honour for making supreme sacrifice while displaying exceptional leadership and raw courage in the face of grave adversity during the said operation," his citation read.
The officer, who hails from Jharkhand capital Ranchi, volunteered to be posted in the anti-Naxal operations grid after he had various stints in Jammu and Kashmir and insurgency-hit areas of North East.
Jha is survived by his wife and two young children.
CRPF Director General K Durga Prasad was present during the investiture ceremony held at the hands of the President, the supreme commander of armed forces.
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