Gratuity

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Gratuity - Total results - 13
Income tax exemption limit on gratuity doubled to Rs 20 lakh from Rs 10 lakh: Labour ministry
Business

Income tax exemption limit on gratuity doubled to Rs 20 lakh from Rs 10 lakh: Labour ministry

The ceiling of gratuity amount under the Payment of Gratuity Act, 1972, has been raised from time to time

Doubling tax-free gratuity limit to Rs 20 lakh will benefit PSU, private sector employees: Arun Jaitley
Business

Doubling tax-free gratuity limit to Rs 20 lakh will benefit PSU, private sector employees: Arun Jaitley

Finance Minister Arun Jaitley said on Tuesday the decision to double tax-free gratuity limit to Rs 20 lakh will benefit public and private sector employees

75% PF withdrawal on being unemployed for a month: Provident Fund was never intended as an unemployment dole
Business

75% PF withdrawal on being unemployed for a month: Provident Fund was never intended as an unemployment dole

If PF balance should remain impervious to court attachment orders, it should also remain impervious to being viewed as a low-hanging fruit to be plucked whenever one pleased.

Money management alert: Midcourse withdrawals from retirement funds a sub-optimal solution for midlife blues
Business

Money management alert: Midcourse withdrawals from retirement funds a sub-optimal solution for midlife blues

A suitable amendment in the law would be conducive to checking one's tendency to dip into one’s retirement funds at the drop of a hat.

Parliament passes Bill doubling limit of tax free gratuity to Rs 20 lakh, Narendra Modi says it will 'benefit lakhs of Indians'
Business

Parliament passes Bill doubling limit of tax free gratuity to Rs 20 lakh, Narendra Modi says it will 'benefit lakhs of Indians'

The Parliament on Thursday passed the Payment of Gratuity (Amendment) Bill, 2017, paving the way for doubling the limit of tax free gratuity.

Parliament clears key laws promising Rs 20-lakh tax free gratuity, more than 12 days maternity leave
Business

Parliament clears key laws promising Rs 20-lakh tax free gratuity, more than 12 days maternity leave

The amendment to the payment of gratuity law comes in the backdrop of Maternity Benefit (Amendment) Act, 2017 enhancing the maximum maternity leave period to 26 weeks.

Payment of Gratuity Bill passed: Law allows govt to change tax-free gratuity amount, maternity leave with executive order
India

Payment of Gratuity Bill passed: Law allows govt to change tax-free gratuity amount, maternity leave with executive order

Parliament on Thursday 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.

Bill proposing Rs 20 lakh tax-free gratuity likely to be passed in Budget Session
Business

Bill proposing Rs 20 lakh tax-free gratuity likely to be passed in Budget Session

Payment of Gratuity Amendment Bill 2017 is likely to be passed in the forthcoming Budget session, which will make formal sector workers eligible for tax-free Rs 20 lakh gratuity

Union Cabinet clears doubling of gratuity to Rs 20 lakh: How it will impact your money life
Business

Union Cabinet clears doubling of gratuity to Rs 20 lakh: How it will impact your money life

This is a wonderful gesture on the part of the Government. It’s rewarding and incensing the honest tax payers

Hike in gratuity upper limit to Rs 20 lakh: Why Narendra Modi govt's decision will benefit only a minuscule section
Business

Hike in gratuity upper limit to Rs 20 lakh: Why Narendra Modi govt's decision will benefit only a minuscule section

The Modi government like its predecessors is also guilty of tinkering with the upper limit which leaves bulk of the toiling employees in the cold

Cabinet clears Bill to double tax-free gratuity to Rs 20 lakh to provide social security, soften inflation hit
Business

Cabinet clears Bill to double tax-free gratuity to Rs 20 lakh to provide social security, soften inflation hit

The main purpose for enacting this Act is to provide social security to workmen after retirement, whether it is because of rules of superannuation, or physical disablement or impairment of vital parts of the body.

Provident fund body directs field offices to settle pension on retirement day
Business

Provident fund body directs field offices to settle pension on retirement day

There are about 48.85 lakh central government employees and 55.51 lakh pensioners in the country

Cabinet likely to approve bill doubling gratuity cap to Rs20 lakh
Business

Cabinet likely to approve bill doubling gratuity cap to Rs20 lakh

After the amendment in the Act, formal sector workers would be eligible for up to Rs20 lakh tax-free gratuity.