Tax-free Gratuity Ceiling
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Interim Budget 2019: Government Has Hiked Gratuity Ceiling To Rs 20 Lakh, Says Piyush Goyal
After implementation of the Seventh Pay Commission, central government employees had not just received salary raises but the amount of their tax-free gratuity had also been doubled to Rs. 20 lakh from Rs. 10 lakh.
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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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Bill To Double Tax-Free Gratuity To Rs 20 Lakh Likely In Monsoon Session Of Parliament
Trade unions had demanded that the amended provision regarding maximum amount should be made effective from January 1, 2016, as done in the case of central government employees.
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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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Formal Sector Workers May Soon Be Eligible For Rs 20 Lakh Tax-Free Gratuity
The trade unions have demanded the removal of conditions asking to have at least 10 employees in an establishment and minimum five years of service for payment of gratuity.
-
Interim Budget 2019: Government Has Hiked Gratuity Ceiling To Rs 20 Lakh, Says Piyush Goyal
After implementation of the Seventh Pay Commission, central government employees had not just received salary raises but the amount of their tax-free gratuity had also been doubled to Rs. 20 lakh from Rs. 10 lakh.
-
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 ...
-
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.
-
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.
-
Bill To Double Tax-Free Gratuity To Rs 20 Lakh Likely In Monsoon Session Of Parliament
Trade unions had demanded that the amended provision regarding maximum amount should be made effective from January 1, 2016, as done in the case of central government employees.
-
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.
-
Formal Sector Workers May Soon Be Eligible For Rs 20 Lakh Tax-Free Gratuity
The trade unions have demanded the removal of conditions asking to have at least 10 employees in an establishment and minimum five years of service for payment of gratuity.
