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PAYMENT OF GRATUITY
Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefits- New labour code: Can higher gratuity and social security costs under Social Security Code, 2020 be offset by employers by salary restructuring ?
- Tax-free allowances rise, so do employer costs: The salary structuring dilemma under the Social Security Code
- 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
- Providing up to Rs 20 lakh gratuity mandatory for all CPSEs from this date: Finance Ministry clarifies rulesThe Department of Public Enterprises has clarified gratuity rules for Central Public Sector Enterprise employees. A Rs 20 lakh gratuity pay...27 Jan, 2026, 06.36 PM 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
- 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...14 Jan, 2025, 05.33 PM IST
- What are the gratuity payment rules?There are certain rules that make an employee eligible to receive gratuity before the age of retirement/superannuation or resignation of an...09 May, 2022, 12.55 PM 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 Gratuity BillMinister of State (Independent Charge), Labour and Employment Santosh Gangwar moved the Bill for passage in the Rajya Sabha soon after the ...23 Mar, 2018, 09.41 AM 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
- Centre clears bill to double tax-free gratuity to Rs 20 lakhConsidering inflation and wage increase in the case of private sector employees, the government is of the view that the gratuity entitlemen...12 Sep, 2017, 08.00 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
- 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...25 Feb, 2017, 08.46 PM IST
- 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,...03 Jun, 2010, 06.47 AM IST
- Teachers to get Gratuity benefitsCollege and school teachers will soon be eligible for gratuity benefits after Parliament amends the Payment of Gratuity Act.26 Jul, 2007, 10.30 PM IST
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