Gratuity Benefit Limit
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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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Tax-Free Gratuity Limit Set Go Up To Rs 20 Lakh: 5 Things To Know
Currently, a tax-free gratuity up to Rs 10 lakh is applicable to formal sector workers leaving a job after five or more years of service, or at the time of superannuation. Gratuity calculation is based on the tenure of service and last drawn salary.
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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.
-
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.
-
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 ...
-
Tax-Free Gratuity Limit Set Go Up To Rs 20 Lakh: 5 Things To Know
Currently, a tax-free gratuity up to Rs 10 lakh is applicable to formal sector workers leaving a job after five or more years of service, or at the time of superannuation. Gratuity calculation is based on the tenure of service and last drawn salary.
-
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.
