Doubling Of Gratuity

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  Tax-Free Gratuity Ceiling Increased To Rs 20 Lakh

  The government today notified doubling of the limit of tax-free gratuity to Rs 20 lakh in the private sector.

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  Ceiling On Tax-Free Gratuity Doubled To Rs 20 Lakh: 10 Points

  Employees can draw gratuity of up to Rs 20 lakh tax-free, the government said today after a proposed law empowering it to fix the amount was passed in parliament with cross-party support. The move, which doubles the tax-free cap from the existing Rs 10 lakh, will benefit millions of employees in the public and private sector companies. The Payment ...

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  Ceiling On Tax-Free Gratuity Doubled To Rs 20 Lakh

  Parliament today passed a key bill that will empower the government to fix the amount of tax free gratuity and the period of maternity leave with an executive order.

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  How Gratuity Is Calculated, Its Benefits, Tax-Free Limit And More

  As per current rules, an employee becomes eligible to claim gratuity benefit only if he/she has rendered five years of continuous service in the organisation. Gratuity calculation can be carried out through a formula on the basis of tenure of service and last drawn salary.

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  Tax-Free Gratuity Limit Set To Double For Private Sector Employees: 10 Points

  The government will introduce Payment of Gratuity (Amendment) Bill, 2017 in the Parliament.

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  Centre Okays Bill To Double Tax-Free Gratuity To Rs 20 Lakh

  Amendment to bring staff of private sector, public undertakings & autonomous organisations under government, at par with central employees.