Income tax exemption for gratuity enhanced up to Rs 20 lakh
The Payment of Gratuity Act, 1972 applies to establishments employing 10 or more persons.
Mar 07, 2019, 17:35 PM IST
Government notifies doubling of limit of tax-free gratuity to Rs 20 lakh
The Payment of Gratuity Act, 1972 applies to establishments employing 10 or more persons.
Mar 30, 2018, 15:05 PM IST
7th Pay Commission: Parliament passes Bill to double tax-free gratuity to Rs 20 lakh
The legislation will enable the government to enhance the ceiling of tax free gratuity to Rs 20 lakh from the existing Rs 10 lakh for employees falling under the Payment of Gratuity Act.
Mar 22, 2018, 13:22 PM IST
Gratuity up to Rs 20 lakh to become tax-free soon: All you need to know
Now, the bill will go to the Upper House for consideration and passage.
Mar 16, 2018, 18:39 PM IST
Gratuity up to Rs 20 lakh may become tax-free soon
The government wants to increase the limit of tax-free gratuity from Rs 10 lakh to Rs 20 lakh for workers in the organised sector.
Jan 23, 2018, 15:24 PM IST
Cabinet nod likely to double gratuity cap to Rs 20 lakh
The proposed amendment is being brought to bring the maximum ceiling amount to Rs 20 lakh in line with the 7th Central Pay Commission's recommendations as accepted by the government.
Mar 15, 2017, 09:01 AM IST
Gratuity ceiling for private sector employees to be raised to Rs 20 lakh
Formal sector workers may soon be eligible for up to Rs 20 lakh tax-free gratuity as central trade unions have agreed on the proposal in a tripartite consultation with the Labour Ministry.
Feb 23, 2017, 20:50 PM IST
