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TAX FREE GRATUITY
Tax-free income in India: 8 types of income you don’t need to pay any tax onTax-free income: Unlock tax savings with these eight income sources exempt from income tax in India. From agricultural earnings and provide...
8th Pay Commission latest update: Railway technical staff seek multiple fitment factors, higher HRA, pay fixRailway technical supervisors have put forward significant demands to the 8th Pay Commission. Key proposals include a Rs 52,000 minimum sal...
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...
Meal vouchers at Rs 200 per meal: Who gets income tax benefit and how the ‘working hours’ rule appliesThe increase in the tax-exempt limit for employer-provided meals to ₹200 per meal under Rule 15 of the Income-Tax Rules, 2026 marks a signi...
IRS no tax on tips 2026: Can you really deduct up to $25,000, who qualifies, and how much tax can you save?IRS no tax on tips 2026 is trending fast. Up to $25,000 deduction is now possible. That is real money saved. This rule applies to tax years...
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...
Doubling tax-free gratuity limit to Rs 20 lakh to benefit PSU, pvt sector employees: Finance MinisterFinance Minister Arun Jaitley said Tuesday the decision to double tax-free gratuity limit to Rs 20 lakh will benefit public and private sec...
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...
Budget 2018: Five hot tips that will lead to cool tax savingsUse these five tips to save on tax this financial year.
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...
Who really gains from the proposed increase in tax-free gratuity limit to Rs 20 lakh?Proposed increase in tax free gratuity limit won't benefit bulk of employees immediately. Here's why.
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...
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...
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...
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...
- Tax-free gratuity ceiling may treble to Rs 10 lakh
The move to hike tax-free gratuity ceiling from Rs 3.5 lakh to Rs 10 lakh would allow employees to benefit from higher gratuity. Work from ...