Gratuity

Clarifications on Gratuity Act Amendment 2018

March 31, 2018

Please note the following points regarding the recent Amendment to the Gratuity Act Employee leaving an organization on or after 29th March 2018 shall be eligible for increased benefit of Gratuity of Rupees 20 lakhs. Any employee who was eligible for gratuity before this date will be entitled to the old benefit of Rupees 10 […]

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Tax-free gratuity ceiling raised to Rs 20 lakh for private sector

Tax-free gratuity ceiling raised to Rs 20 Lakh

March 30, 2018

Much awaited notifications under the Payment of Gratuity Act has been issued. Tax-free gratuity ceiling raised to Rs 20 Lakh for private sector employees. download notifications  copy. GRATUITY INC 20 LACS NOTFCTN Vide Gazette Notification no. S/O 1419 (E) dated 29th March 2018 changes vide the Payment of Gratuity (Amendment) Act, 2018 (12 of 2018) shall be effective from […]

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Payment of Gratuity (Amendment) Bill, 2018 passed by Parliament

March 26, 2018

NEW DELHI: Parliament on Thursday passed Payment of Gratuity(Amendment) Bill 2017 paving the way for doubling the limit of tax free gratuity to Rs 20 lakh and empowering the government to fix the ceiling of the retirement benefit through an executive order.   The Rajya Sabha passed the bill, which was approved by the Lok Sabha last […]

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