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