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
Gratuity calculation in CTC: How is gratuity calculated as a portion of employee's CTC in offer letter; Check formulaGratuity calculation in CTC: Gratuity is paid when an employee leaves the organisation after completing a minimum service period of five ye...
27 Feb, 2025, 11.56 AM 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
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.
07 Mar, 2019, 06.30 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 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
Bill to increase maternity leave period & gratuity limit tabled in Lok SabhaThe gratuity limit for private sector is expected to be raised to Rs 20 lakh in line with that in the government sector.
19 Dec, 2017, 10.46 AM IST
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
18 Dec, 2017, 03.44 PM IST
What is gratuity?It is a defined monetary benefit plan where no contributions are made by the employee. The employer pays this to employee if he has worked ...
13 Dec, 2017, 10.08 AM 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
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...
10 Mar, 2017, 11.12 AM IST
Is it time to discard 'minimum five years of service' gratuity rule?As per CTC rules, gratuity is a part of your salary. That means an employee, who leaves before completing 5 years, is forced to give up a p...
09 Mar, 2017, 01.47 PM 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 gratuity
Any 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 benefits
College 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