Rules for faster full and final settlement, annual leave encashment & other provisions are already effective under new labour code even without state government notification, know what it meansNew labour code provisions are now effective across India from November 21, 2025. Employee benefits like faster full and final payments and...
22 May, 2026, 11.37 AM IST
Tax-free allowances rise, so do employer costs: The salary structuring dilemma under the Social Security CodeEnhanced tax-free allowances under the Income-Tax Rules, 2026 can improve employees’ take-home pay. However, the expanded definition of “wa...
06 May, 2026, 07.33 AM IST
Gratuity may rise under New Labour Code, but your income tax bill could tooThe Code on Social Security, 2020 expands the wage base for gratuity, potentially increasing payouts, but tax rules under the Income-tax Ac...
13 Apr, 2026, 02.36 PM IST
Budget 2026: Take home salary calculator for CTC of Rs 10 lakh, 12 lakh, 15 lakh and 20 lakhBudget 2026 brings no changes to tax slabs or deductions. However, new labor codes are set to be implemented. This will affect take-home sa...
02 Feb, 2026, 02.46 PM IST
New Labour Law 2025 gratuity calculator: Here's how gratuity on CTC of Rs 6 lakh, Rs 12 lakh and Rs 24 lakh will changeStarting November 21, 2025, gratuity calculations are changing. Fixed-term employees can now receive gratuity after one year. Wages will in...
28 Nov, 2025, 06.53 PM IST
Retired govt employee claims Rs 20 lakh gratuity tax exemption; I-T Dept imposes Rs 2.2 lakh penalty; ITAT Cochin rules in her favourA retired state employee successfully challenged a Rs 2.2 lakh penalty imposed for claiming a higher gratuity tax exemption. The Income Tax...
31 Oct, 2025, 07.59 AM IST
Gratuity payment: Quitting your job before 5 years? You can still get gratuity; know howGratuity payment: Many employees who quit their jobs before five years of service think they cannot receive a gratuity. However, even if th...
19 Mar, 2025, 06.45 PM IST
How to calculate gratuityTo calculate the gratuity amount you are eligible to receive, the last drawn salary will be considered. The last drawn salary includes basi...
25 Oct, 2021, 10.13 AM IST
Budget 2021 needs to hike gratuity exemption limit, tax benefits on EPF, NPS due to new labour lawsUnder the new labour laws, the definition of wages is standardised. This will impact on how gratuity and EPF will be calculated and lead to...
22 Jan, 2021, 10.04 AM IST
Tax-free gratuity ceiling raised to Rs 20 lakh for private sector employeesThe notification follows changes in the Payment of Gratuity Act which had empowered the government to fix the ceiling of the retirement ben...
29 Mar, 2018, 10.07 PM IST
Parliament passes bill that lets govt double tax-free gratuity to Rs 20 lakhThe ceiling of tax-free gratuity stands enhanced to Rs 20 lakh from existing Rs 10 lakh for employee under the Payment of Gratuity Act.
22 Mar, 2018, 03.52 PM IST
Lok Sabha passes bill to enable govt to double tax-free gratuity to Rs 20 lakhThe amendment will allow govt to enhance the ceiling of tax-free gratuity to Rs 20 lakh from existing Rs 10 lakh for employee under the Pay...
15 Mar, 2018, 06.16 PM IST
Tax free Rs 20 lakh gratuity for employees may be a reality soonThe Gratuity Amendment Bill is likely to be passed in the forthcoming Budget session, which will make formal sector workers eligible for ta...
14 Jan, 2018, 06.28 PM IST
How to calculate taxable portion of gratuityCurrently, maximum tax-exempt gratuity is Rs 10 lakh. The government has tabled the Payment of Gratuity (Amendment) Bill, 2017 to raise the...
20 Dec, 2017, 10.25 AM IST
Cabinet clears Bill to raise tax-exempt gratuity limit to Rs 20 lakh: Here's how you will be impactedAn employee is eligible to receive gratuity only if he has completed at least five years of continuous service with an organisation without...
13 Sep, 2017, 08.14 PM IST
Bill to double tax-free gratuity to Rs 20L in monsoon sessionBesides, the bill to amend the Payment of Gratuity Act also seeks to enable the central government to change the ceiling for tax-free gratu...
09 Jul, 2017, 11.43 AM IST
Cabinet nod likely to double gratuity cap to Rs 20 lakh"The bill to amend the Payment of Gratuity Act is likely to be considered and approved by the Union Cabinet in its meeting," a source said.
15 Mar, 2017, 10.59 AM IST