Payment Of-gratuity-act

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Payment Of-gratuity-act - Total results - 6
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

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

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

The labour ministry's move will benefit employees who are not covered by the Payment of Gratuity Act, 1972.

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

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
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.