Payment Of Gratuity Act

Bill to double tax-free gratuity to Rs 20 lakh may be pushed in monsoon session of Parliament

The unions were of the view that the delay of eight months for employees covered under the Payment of Gratuity Act should not result in adversely affecting the interest of the concerned employees.

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.