Gratuity Benefits
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Abhishek Banerjee Says Will Gherao Homes Of BJP Lawmakers Over Tea Workers' Demands
Houses of all BJP Members of Parliament (MPs) and Members of Legislative Assembly (MLAs) in West Bengal will be gheraoed if provident fund and gratuity benefits are not provided to over 3 lakh tea garden workers.
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How Is Gratuity Calculated, When Are You Eligible? Read Here
Gratuity: An employee is eligible for gratuity payment after completing 5 years of continuous service with one employer.
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Government Seeks Comments On Employees' Compensation Rules
The draft rules have provisions on employer's liability for compensation in case of fatal accidents, serious bodily injuries or occupational diseases.
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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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Payment of Gratuity Amendment Bill: Who Benefits, Income Tax Implications And Other Details
Payment of Gratuity (Amendment) Bill, 2018 ensures harmony among employees in private sector and public sector undertakings.
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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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Payment Of Gratuity Amendment Bill Passed In Parliament. How To Calculate It And Other Details
The passage of Payment of Gratuity (Amendment) Bill in Parliament will allow government to fix period of maternity leave.
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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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Government Mulls Tax Free Gratuity Of Up To Rs 20 Lakh, Says Report
At present formal sector workers with five or more years of service are eligible for Rs 10 lakh tax free gratuity.
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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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Be On Salary Or Be A Consultant? Know The Tax Implications
A consultant is not entitled to any bonus, gratuity, provident fund or pension. On the other hand, an employee receives these benefits.
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Important Decision On Gratuity Benefits Likely Today. What You Can Expect
The Union Cabinet is likely to consider today a draft amendment bill which seeks to double the ceiling of tax-free gratuity to Rs 20 lakh under the Payment of Gratuity Act, news agency Press Trust of India reported.
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Gratuity Benefit Limit, Tax-Free Withdrawal To Get Doubled: 5 Things To Know
Recently, trade unions agreed on the proposal of doubling gratuity ceiling upon in discussions with labour ministry, according to Press Trust of India.
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Gratuity: How To Calculate, Rules, Eligibility and Formula
The gratuity amount depends upon the tenure of service and last drawn salary.
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How to avail tax benefits under Section 10
The Income Tax Act provides multiple tax exemptions to every individual. A lot of such exemptions fall under section 10 of the Income Tax Act.
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Abhishek Banerjee Says Will Gherao Homes Of BJP Lawmakers Over Tea Workers' Demands
Houses of all BJP Members of Parliament (MPs) and Members of Legislative Assembly (MLAs) in West Bengal will be gheraoed if provident fund and gratuity benefits are not provided to over 3 lakh tea garden workers.
-
How Is Gratuity Calculated, When Are You Eligible? Read Here
Gratuity: An employee is eligible for gratuity payment after completing 5 years of continuous service with one employer.
-
Government Seeks Comments On Employees' Compensation Rules
The draft rules have provisions on employer's liability for compensation in case of fatal accidents, serious bodily injuries or occupational diseases.
-
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.
-
Payment of Gratuity Amendment Bill: Who Benefits, Income Tax Implications And Other Details
Payment of Gratuity (Amendment) Bill, 2018 ensures harmony among employees in private sector and public sector undertakings.
-
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 ...
-
Payment Of Gratuity Amendment Bill Passed In Parliament. How To Calculate It And Other Details
The passage of Payment of Gratuity (Amendment) Bill in Parliament will allow government to fix period of maternity leave.
-
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.
-
Government Mulls Tax Free Gratuity Of Up To Rs 20 Lakh, Says Report
At present formal sector workers with five or more years of service are eligible for Rs 10 lakh tax free gratuity.
-
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.
-
Be On Salary Or Be A Consultant? Know The Tax Implications
A consultant is not entitled to any bonus, gratuity, provident fund or pension. On the other hand, an employee receives these benefits.
-
Important Decision On Gratuity Benefits Likely Today. What You Can Expect
The Union Cabinet is likely to consider today a draft amendment bill which seeks to double the ceiling of tax-free gratuity to Rs 20 lakh under the Payment of Gratuity Act, news agency Press Trust of India reported.
-
Gratuity Benefit Limit, Tax-Free Withdrawal To Get Doubled: 5 Things To Know
Recently, trade unions agreed on the proposal of doubling gratuity ceiling upon in discussions with labour ministry, according to Press Trust of India.
-
Gratuity: How To Calculate, Rules, Eligibility and Formula
The gratuity amount depends upon the tenure of service and last drawn salary.
-
How to avail tax benefits under Section 10
The Income Tax Act provides multiple tax exemptions to every individual. A lot of such exemptions fall under section 10 of the Income Tax Act.
