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2025 GRATUITY AMENDMENTS
Your in-hand salary may not change under the new labour code yet, know whySalaried employees are yet to see benefits from the new labour codes due to delayed state-level implementation. While some aspects like ESI...- 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...
- Budget 2026: Why income tax amendments will be made in the 2025 Act instead of the repealed 1961 lawIf any tax policy changes are announced in Budget 2026, legislative logic dictates they will have to be made directly in the 2025 Act, rath...
- NPS gratuity rules explained: Govt says NPS subscribers won't be entitled to separate gratuity under these conditionsThe Department of Pension and Pensioners' Welfare has issued new guidelines on gratuity for government employees re-employed in civil servi...
- New Labour Code expands “family” definition: Know who in your family are now eligible for statutory benefitsIndia's Code on Social Security, 2020 has expanded the purview of who qualifies as a "family" under labour laws, extending coverage. This s...
- EPF rules: New Labour Code vs old PF law creates payroll & tax confusion for employersA visible exception in the latest reform story is that the Employees’ Provident Funds and Miscellaneous Provisions Act (EPF Act), 1952—Indi...
- 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...
- Resigned or fired? Employees will now get full and final settlement money in just 2 days under new labour lawEmployees will now receive their full and final settlement within two working days. This new labor code standardizes the process for all se...
- 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...
- Government deducted gratuity and pension of a retired engineer for not vacating govt residence on time, he fights back and wins case in Supreme CourtSupreme Court said: "Pension and other retiral dues are benefits that have been earned by an employee due to the service rendered to the in...
- Who needs to file income tax audit report for AY 2025-26?For AY 2025-26, businesses exceeding turnover limits and certain professionals must file tax audit reports by September 30, 2025, potential...
- Employees entitled to assured payout on pro rata basis on VRS after 20 yrs service or more: GovtCentral government employees who have completed 20 years of service can now opt for voluntary retirement and receive an assured payout on a...
- New Income Tax Bill gets Lok Sabha nodThe Lok Sabha approved the new income tax bill, eliminating alternate minimum tax on LLPs and allowing refund claims even without timely re...
- No more partial treatment to pensioners when it comes to commutation of pension in the New Income Tax Bill, 2025Good news arrives for pensioners. The Lok Sabha Select Committee proposes fair tax treatment in the Direct Tax Bill, 2025. The bill address...
- Parliamentary panel proposal on dividend in I-T Bill may bring relief to India IncA parliamentary panel suggests reinstating a key deduction in the Income Tax Bill 2025. This move offers relief to India Inc by preventing ...
- Provident Fund, gratuity, leave encashment, pension commutation and all income tax benefits for retired employees released in a brochure by income tax deptThe Income Tax Department has come out with a brochure outlining tax benefits for retired employees in both the public and private sectors,...
- Pension rule triggers disquiet among retireesDisquiet is prevalent among central government retirees over a provision in the Finance Act 2025, raising concerns about pension parity bef...
- New Income Tax Bill 2025 vs current Income Tax Act 1961: What is really new?New Income Tax Bill vs current Income Tax Act: The new Income Tax Bill will replace the Income Tax Act. However, not many people are able t...
- Bank unions give 2-day strike call beginning March 24; to press for demands including 5-day work weekBank unions announced a nationwide strike on March 24-25, 2025, pressing for demands including a 5-day work week and adequate recruitment. ...
- I will receive gratuity of Rs 3 lakh; is this gratuity amount taxable?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
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