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GRATUITY ACT
New labour code: Can higher gratuity and social security costs under Social Security Code, 2020 be offset by employers by salary restructuring ?The recent notification of the Social Security (Central) Rules, 2026 under the Code on Social Security, 2020 marks a significant shift in I...- 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...
- 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...
- 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...
- Gratuity payment can be denied by employer in this condition, rules Supreme CourtGratuity payment: Supreme Court said employers can forfeit gratuity payments if the employee was dismissed due to moral turpitude reason an...
- Government employees can get gratuity up to Rs 25 lakh: What is tax-exempt gratuity for private sector, government employees?Tax-free gratuity limit for employees: The government has hiked the maximum amount of gratuity that a government employee can receive to Rs...
- Gratuity nomination: Who you can, cannot nominate and how to do itHere is a look at what the law states about, who can be nominated in case of gratuity, how the nomination must be made and when a nominee w...
- Tax queries: Can you claim tax refund on TDS deducted by employer on gratuity?Dilip Lakhani Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
- Income tax exemption limit on gratuity doubled to Rs 20 lakh: Labour MinThe latest enhancement of tax exemption limit on gratuity follows a government notification issued on March 29, 2018.
- 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...
- 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.
- 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...
- 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...
- Bill floated in Lok Sabha to amend Payment of Gratuity ActGovt to notify the period of maternity leave and gratuity that can be availed by employees under a central law
- 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...
- 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.
- You may soon be eligible for up to Rs 20 lakh tax-free gratuity. Here's the lowdownAs per the Payment of Gratuity Act 1972, an employee can receive gratuity only if he has completed at least five years of continuous servic...
- Tax-free limit for gratuity hiked to Rs 20 lakhPresently, an employee with at least five years of continuous service is eligible to get gratuity, which forms part of the overall salary p...
- Bonanza for employees receiving gratuityAny death-cum-retirement gratuity received by an employee in accordance with the prescribed scheme/rules, is not taxable. Investing in MIP,...
- Teachers to get Gratuity benefitsCollege and school teachers will soon be eligible for gratuity benefits after Parliament amends the Payment of Gratuity Act.
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