A teacher was approved for working till 62 years age however, she was denied gratuity payment on the grou ...More

A teacher was approved for working till 62 years age however, she was denied gratuity payment on the ground that the retirement age was 60 so she should have exercised the gratuity option at 60 and not 62 years age. ...Less

In a recent incident in Kerala, a grandmother filed court case asking for a share of her late son's famil ...More

In a recent incident in Kerala, a grandmother filed court case asking for a share of her late son's family pension AND Rs 15,000 maintenance. However, she lost the case in Kerala High Court. Know why ...Less

SSC has opened applications for 365 Indian Coast Guard posts, with eligible male and female Indian citize ...More

SSC has opened applications for 365 Indian Coast Guard posts, with eligible male and female Indian citizens able to apply online from October 6 to October 21. The recruitment covers Navik, Yantrik and Hygienist-I posts. Candidates must meet post-wise education and age criteria and clear a four-stage selection process involving a computer-based test, physical fitness, assessment and document verification. ...Less

In a significant ruling, the Delhi High Court mandated police to locate a new site for the protest organi ...More

In a significant ruling, the Delhi High Court mandated police to locate a new site for the protest organized by bank employees, due by September 28, following the rejection of the Jantar Mantar application. The United Forum of Bank Unions has organized a nationwide strike from September 28 to 30, set to disrupt services across the nation, while pushing for a five-day work week and improved pension plans. ...Less

Tax residency, bank accounts, Dubai property and gratuity all need sorting before and after you fly home. ...More

Tax residency, bank accounts, Dubai property and gratuity all need sorting before and after you fly home. ...Less

8th Pay Commission pension calculator: Around 69 lakh pensioners fall under the central government's admi ...More

8th Pay Commission pension calculator: Around 69 lakh pensioners fall under the central government's administration, with most benefiting from the Old Pension Scheme. Employee organisations are urging changes to the terms of the 8th Pay Commission to accommodate earlier revisions in pensions. The 8th Pay Commission has an 18-month deadline to submit its report. Modifications for Level 5-9 employees’ pensions will hinge on forthcoming fitment factors and estimates released alongside the commission's findings. ...Less

Many travelers fail to account for hidden costs while planning international journeys, often only conside ...More

Many travelers fail to account for hidden costs while planning international journeys, often only considering major expenses. These overlooked charges can hike trip costs by 25-40%, creating budget overruns. It's vital to include local transport, dining, and extra fees in your budget to avoid unexpected financial surprises. Employing effective budgeting techniques ensures a smoother and more enjoyable experience abroad. ...Less

A social media post alleging that a waiter kept Rs 80 in change as a tip without asking the customer has ...More

A social media post alleging that a waiter kept Rs 80 in change as a tip without asking the customer has sparked debate over tipping culture in India. The diner said the waiter and restaurant manager argued that customers were expected to tip, prompting questions about whether gratuities should remain voluntary. Social media users shared varied views on tipping expectations and payment practices. ...Less

The railway employees' new pension guidelines have been announced, slated for implementation in 2026. The ...More

The railway employees' new pension guidelines have been announced, slated for implementation in 2026. These provisions classify both death and disability incidents into four specific categories. Notably, Categories B and D are set to receive enhanced pension benefits under this framework. Additionally, the family pension rates differ considerably according to the deceased employee's category, with added protections against any delays in payments and supplementary allowances for caregivers. ...Less

The Union Cabinet approved raising the EPF wage ceiling to Rs 25,000. This change impacts mandatory PF co ...More

The Union Cabinet approved raising the EPF wage ceiling to Rs 25,000. This change impacts mandatory PF contributions for employers and employees. Actual PF contributions depend on an employee's defined wage structure. Employers must bear their increased PF share as a statutory cost. This enhancement aims to strengthen long-term retirement savings and social security. ...Less

Allahabad High Court has ordered SBI to refund Rs 19.9 lakh after the bank used a widow’s fixed deposit t ...More

Allahabad High Court has ordered SBI to refund Rs 19.9 lakh after the bank used a widow’s fixed deposit to recover her late husband’s personal loan. The court also awarded Rs 1 lakh compensation, after finding that the woman was not a party to the loan and SBI had no legal basis to directly debit her account. ...Less

Employers aren't legally required to accept your offer to pay for your notice period. If your boss refuse ...More

Employers aren't legally required to accept your offer to pay for your notice period. If your boss refuses, you might have to work it out. It's crucial to check the latest labor code provisions for employee rights and options in such situations. ...Less

Bengaluru CA Meenal Goel shared five money rules she wishes she knew at 25. She advised checking EPF cont ...More

Bengaluru CA Meenal Goel shared five money rules she wishes she knew at 25. She advised checking EPF contributions regularly, adding nominees across financial accounts, spreading deposits instead of keeping all money in one bank, getting term and health insurance while young and healthy, and understanding salary slips, including Basic, CTC, PF, gratuity and deductions. ...Less

Work to save your job while preparing for an exit, says Devashish Chakravarty. ...More

Work to save your job while preparing for an exit, says Devashish Chakravarty. ...Less

The Supreme Court will hear a petition concerning private school teachers' welfare. It seeks a national p ...More

The Supreme Court will hear a petition concerning private school teachers' welfare. It seeks a national policy for their social security and post-retirement protection. The plea highlights the absence of a uniform statutory framework for these educators. Data shows millions of teachers work in private unaided schools across India. This legal vacuum creates disparities in service conditions and benefits. ...Less

In a significant ruling, the Supreme Court has instructed Assam to halt teacher appointments under the pr ...More

In a significant ruling, the Supreme Court has instructed Assam to halt teacher appointments under the provincialisation scheme due to concerns raised about the recruitment process's integrity. Petitioners argue it allows the entry of unqualified individuals into government service. The court has sent notices to the Centre and state officials for further review, insisting that all future appointments adhere to a merit-based competitive framework to ensure constitutional alignment. ...Less

A former USCIS officer and another man have been arrested for allegedly taking hundreds of thousands of d ...More

A former USCIS officer and another man have been arrested for allegedly taking hundreds of thousands of dollars to manipulate immigration cases. Prosecutors say applications for green cards, citizenship and other benefits were fast-tracked by bypassing interviews, background checks and other required procedures. ...Less

8th Pay Commission latest news: The Retired Employees Welfare Association is calling on the Prime Ministe ...More

8th Pay Commission latest news: The Retired Employees Welfare Association is calling on the Prime Minister to revise the terms of the 8th Pay Commission. Its request includes the addition of pension revision clauses for retirees prior to January 1, 2026. It claims that the amendment is critical for alleviating confusion among 69 lakh pensioners, especially since earlier commissions explicitly detailed benefits for pensioners. Furthermore, various employee groups are backing this demand for clearer pension rules. ...Less

A provision is simply management's estimate of a future cost the company can already see coming: Repairs ...More

A provision is simply management's estimate of a future cost the company can already see coming: Repairs under warranty, a lawsuit it might lose, a loan that may not be fully repaid. Recording it lowers today's profit to prepare for tomorrow's bill, which is prudent and normal. The catch is that it is an estimate, and estimates can be bent. ...Less

Widow got husband’s provident fund and gratuity but no family pension due to this fatal paperwork mistake ...More

Widow got husband’s provident fund and gratuity but no family pension due to this fatal paperwork mistake; Delhi HC order explained. ...Less

8th Pay Commission calculator: The next round of 8th Pay Commission discussions will kick off in Chennai ...More

8th Pay Commission calculator: The next round of 8th Pay Commission discussions will kick off in Chennai on September 7. Various employee and pensioner groups are set to engage in negotiations over salary, pension, and allowance adjustments. The spotlight will be on the push to restore the Old Pension Scheme and enhance pension rates. Discussions may also explore potential pension upticks for Level 4-7 staff, guided by fitment parameters, while addressing work and logistical issues encountered. ...Less

New labour codes mandate higher provident fund contributions for employees. This change reduces monthly t ...More

New labour codes mandate higher provident fund contributions for employees. This change reduces monthly take-home pay for many salaried individuals. Salaried employees having Rs 15 lakh CTC may get up to Rs 7,928 less net take home pay after new labour code is applied; Know what happens for Rs 10 lakh, 25 lakh and 50 lakh CTC. ...Less

8th Pay Commission news: The Department of Personnel and Training is advocating for revisions to the Term ...More

8th Pay Commission news: The Department of Personnel and Training is advocating for revisions to the Terms of Reference for the 8th Pay Commission. Employee associations are urging the inclusion of pension revisions for those who retired before January 1, 2026. Historically, previous pay commissions—namely the 7th, 6th, 5th, and 4th—have had their Terms of Reference modified by the government to address various concerns, including extended coverage and scope. ...Less

Though the integration of temporary faculty reduces the teaching burden for the university’s permanent st ...More

Though the integration of temporary faculty reduces the teaching burden for the university’s permanent staff, the former often get the short end of the stick due to large pay disparities, a lack of medical, retirement, and increment benefits offered to regular staff, as well as higher workloads. An uncertain and low income from a temporary teaching job in a college requires prudent handling of one’s finances. Find out how to do it. ...Less

Govt employee died in a naxalite bomb blast in 2003. His widow received an ex gratia payment and a seven- ...More

Govt employee died in a naxalite bomb blast in 2003. His widow received an ex gratia payment and a seven-year family pension. She sought an extended pension based on a 2005 government policy. The Patna High Court ruled the policy could not be applied retrospectively. Read the article to know more. ...Less

Prime Minister Modi's Saptadhara initiative outlines seven development streams for India. This plan reite ...More

Prime Minister Modi's Saptadhara initiative outlines seven development streams for India. This plan reiterates existing goals without detailing necessary reforms for faster growth. India's current growth rate is strong but insufficient for high-income status by 2047. Job creation remains a significant challenge for the educated and impatient young population. Political hurdles prevent the implementation of radical reforms needed for true progress. ...Less

Due to incorrect schedule in original ITR gratuity tax deduction under Section 43B denied; ITAT Chennai g ...More

Due to incorrect schedule in original ITR gratuity tax deduction under Section 43B denied; ITAT Chennai gives relief and says a genuine deduction cannot be denied merely because it was reported under an incorrect schedule in the ITR ...Less

8th Pay Commission latest news: Pensioners are advocating for alterations to the terms of reference set b ...More

8th Pay Commission latest news: Pensioners are advocating for alterations to the terms of reference set by the 8th Pay Commission. They propose that revisions to pensions and family pensions for those retired before 2026 be included. Additionally, they urge the exclusion of non-contributory pension schemes from the commission's mandate. Historically, the government has amended the terms for previous commissions, leaving the potential for similar modifications for the 8th Pay Commission in question. ...Less

Retirement is not synonymous with tax freedom. Your pensions, interest income, rental earnings, and capit ...More

Retirement is not synonymous with tax freedom. Your pensions, interest income, rental earnings, and capital gains may still incur taxes. It's crucial to identify which income streams are subject to taxation and which advantages remain untaxed to prevent errors and manage your finances wisely. Learn strategies to legally minimize your tax responsibilities after retirement and bolster your financial stability. ...Less

The Unified Pension Scheme (UPS) has received limited response from central government employees, with on ...More

The Unified Pension Scheme (UPS) has received limited response from central government employees, with only 1.18 lakh workers opting for it by July 19, accounting for 4.3% of NPS subscribers. Introduced in April 2025 after demands for assured pensions, UPS offers a 50% pension guarantee, gratuity benefits and minimum monthly payout of ₹10,000. The government extended the opt-in deadline to November 30, 2025. ...Less

For SIS, this transition is opening up a fresh growth opportunity across sectors such as healthcare, BFSI ...More

For SIS, this transition is opening up a fresh growth opportunity across sectors such as healthcare, BFSI, manufacturing, logistics, e-commerce and critical infrastructure. ...Less

Finance Minister Nirmala Sitharaman confirmed no changes are planned for the Unified Pension Scheme. This ...More

Finance Minister Nirmala Sitharaman confirmed no changes are planned for the Unified Pension Scheme. This scheme offers assured monthly payouts to Central government employees after retirement. The Unified Pension Scheme was introduced as an option under the National Pension System. It aims to provide adequate retirement benefits and pension predictability for employees. The government has also extended tax benefits and a one-way switch facility to UPS. ...Less

Gratuity, pension forfeited but only leave encashment paid after nine years delay without interest; retir ...More

Gratuity, pension forfeited but only leave encashment paid after nine years delay without interest; retired employee wins case in Delhi High Court as court directs employer to pay 6% interest on leave encashment. Know how this employee's family won case in Delhi High Court. ...Less

West Bengal's seventh pay commission will revise employee pay and benefits. It aims for pay parity with c ...More

West Bengal's seventh pay commission will revise employee pay and benefits. It aims for pay parity with central government employees and improved service conditions. Annual increments may increase, and retirement benefits will be reviewed for updates. The health scheme will also see revisions with cashless treatment for beneficiaries. The commission will consider implementing revised pay from January 1, 2026. ...Less

The NCLAT dismissed an appeal regarding priority payment of gratuity dues. It upheld an earlier NCLT orde ...More

The NCLAT dismissed an appeal regarding priority payment of gratuity dues. It upheld an earlier NCLT order concerning Duncans Industries' former director. Such dues must be settled according to the company's approved resolution plan. Gratuity is a terminal benefit, not an insolvency resolution process cost. The appellate tribunal found the appeal misconceived and dismissed it. ...Less

A retired employee, Mr. Rao, has won a 13-year legal battle for unpaid salary and gratuity. The Andhra Pr ...More

A retired employee, Mr. Rao, has won a 13-year legal battle for unpaid salary and gratuity. The Andhra Pradesh High Court ruled that an employer's lack of funds is not a valid excuse for withholding statutory dues. The court directed the employer to pay the outstanding amount with 10% interest. ...Less

Gratuity payment: Supreme Court said employers can forfeit gratuity payments if the employee was dismisse ...More

Gratuity payment: Supreme Court said employers can forfeit gratuity payments if the employee was dismissed due to moral turpitude reason and it was proved in the company's own disciplinary committee hearing. Earlier based on a 2018 judgement precedent this dismissal for moral turpitude reason had to be proved in a court of law. With this decision, employers can now proceed with the forfeiture of gratuity without waiting for court to decide the cases. ...Less

The Department of Pension and Pensioners' Welfare has issued new guidelines on gratuity for government em ...More

The Department of Pension and Pensioners' Welfare has issued new guidelines on gratuity for government employees re-employed in civil services. The clarification addresses situations where individuals have already received gratuity for military service. It outlines conditions under which a separate gratuity for re-employment will not be granted. ...Less

Gratuity calculation in CTC: Gratuity is paid when an employee leaves the organisation after completing a ...More

Gratuity calculation in CTC: Gratuity is paid when an employee leaves the organisation after completing a minimum service period of five years. When an employee joins a new company, the gratuity is added to the CTC. However, not many are aware how this gratuity amount is calculated in the offer letter. ...Less

The Calcutta High Court has ruled that employers can deduct Rs 10 lakh from a retired employee's gratuity ...More

The Calcutta High Court has ruled that employers can deduct Rs 10 lakh from a retired employee's gratuity. This decision follows losses incurred by the company due to the employee's actions during his service. The court upheld the company's right to recover pecuniary losses. Disciplinary proceedings confirmed the employee's misconduct. ...Less

To calculate the gratuity amount you are eligible to receive, the last drawn salary will be considered. T ...More

To calculate the gratuity amount you are eligible to receive, the last drawn salary will be considered. The last drawn salary includes basic salary, dearness allowance, commission received on sales. ...Less

New Labour Codes are set to increase gratuity payouts for many employees by redefining 'wage' to include ...More

New Labour Codes are set to increase gratuity payouts for many employees by redefining 'wage' to include allowances exceeding 50% of total payment. This change prevents employers from artificially lowering basic pay to reduce gratuity. Eligibility for fixed-term and contract workers has also been reduced to one year. ...Less

There are certain rules that make an employee eligible to receive gratuity before the age of retirement/s ...More

There are certain rules that make an employee eligible to receive gratuity before the age of retirement/superannuation or resignation of an employee. However, in the case of the death of an employee, the five-year rule is not applicable. Read on to know when is gratuity payable to an employee by the employer. ...Less

A retired state employee successfully challenged a Rs 2.2 lakh penalty imposed for claiming a higher grat ...More

A retired state employee successfully challenged a Rs 2.2 lakh penalty imposed for claiming a higher gratuity tax exemption. The Income Tax Appellate Tribunal ruled that the employee's claim, though incorrect, was based on a bona fide belief and all facts were disclosed. The tribunal deleted the penalty, citing no misreporting of income and extending immunity benefits. ...Less

Starting November 21, 2025, gratuity calculations are changing. Fixed-term employees can now receive grat ...More

Starting November 21, 2025, gratuity calculations are changing. Fixed-term employees can now receive gratuity after one year. Wages will include more components, potentially increasing gratuity payouts. Permanent employees still require five years of service. This shift aims to redefine statutory benefits for many workers across India. ...Less

New labor codes have sparked interest in gratuity rules, with fixed-term and contract workers now eligibl ...More

New labor codes have sparked interest in gratuity rules, with fixed-term and contract workers now eligible after one year of service. This change, however, does not extend to permanent employees, who still require five years of continuous service to qualify for gratuity benefits. ...Less

A bank employee's gratuity was wrongly withheld after she acted as a guarantor of someone else's loan and ...More

A bank employee's gratuity was wrongly withheld after she acted as a guarantor of someone else's loan and that person defaulted on the loan. The bank argued she was equally liable. However, the Odisha High Court ruled in her favor. The court stated gratuity is a deferred salary and cannot be forfeited. ...Less

Labour Code guidelines: India's new Labour Codes significantly reform social security, particularly gratu ...More

Labour Code guidelines: India's new Labour Codes significantly reform social security, particularly gratuity provisions. Fixed-term and contract employees now qualify for gratuity after just one year of service, a reduction from the previous five years. These changes aim to broaden worker protections and simplify eligibility across various sectors. ...Less

Here is a look at what the law states about, who can be nominated in case of gratuity, how the nomination ...More

Here 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 will not be entitled to receive the gratuity proceeds. ...Less

Gratuity payment: Many employees who quit their jobs before five years of service think they cannot recei ...More

Gratuity payment: Many employees who quit their jobs before five years of service think they cannot receive a gratuity. However, even if they quit after working this long, they can still be eligible for gratuity. Know how long an employee should work before five years to receive gratuity payment. Know the rules to get gratuity before quitting your job. ...Less

Currently, maximum tax-exempt gratuity is Rs 10 lakh. The government has tabled the Payment of Gratuity ( ...More

Currently, maximum tax-exempt gratuity is Rs 10 lakh. The government has tabled the Payment of Gratuity (Amendment) Bill, 2017 to raise the limit to Rs 20 lakh. ...Less

Tax-free gratuity limit for employees: The government has hiked the maximum amount of gratuity that a gov ...More

Tax-free gratuity limit for employees: The government has hiked the maximum amount of gratuity that a government employee can receive to Rs 25 lakh. The new limit is effective from January 1, 2024. However, not many are aware of the tax-exempt limit of gratuity for private sector and government employees. ...Less

As per the Payment of Gratuity Act 1972, an employee can receive gratuity only if he has completed at lea ...More

As per the Payment of Gratuity Act 1972, an employee can receive gratuity only if he has completed at least five years of continuous service with a company. ...Less

In a landmark decision, the NCLAT has ruled that former Jet Airways employees are entitled to their full ...More

In a landmark decision, the NCLAT has ruled that former Jet Airways employees are entitled to their full provident fund and gratuity dues, even if separate accounts weren't maintained. Financial creditors' appeals were dismissed, affirming these statutory dues must be paid outside the liquidation estate. While salary claims will follow the IBC's waterfall, this ruling offers significant relief to workers. ...Less

As per CTC rules, gratuity is a part of your salary. That means an employee, who leaves before completing ...More

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 part of his salary. ...Less

DA hike impact: The Center's decision to increase its employees' dearness allowance by 4% to 50% has resu ...More

DA hike impact: The Center's decision to increase its employees' dearness allowance by 4% to 50% has resulted in significant revisions to other allowances, including retirement gratuity, which is a great benefit for government employees. ...Less

Presently, an employee with at least five years of continuous service is eligible to get gratuity, which ...More

Presently, an employee with at least five years of continuous service is eligible to get gratuity, which forms part of the overall salary package. ...Less

Odisha CM Mohan Charan Majhi has increased the gratuity limit for state government employees from Rs 15 l ...More

Odisha CM Mohan Charan Majhi has increased the gratuity limit for state government employees from Rs 15 lakh to Rs 20 lakh, effective from January 1, 2024. This adjustment applies to Death-Cum-Retirement Gratuity (DCRG) and follows requests from various service associations, aligning with recent central government changes. ...Less

The ceiling of tax-free gratuity stands enhanced to Rs 20 lakh from existing Rs 10 lakh for employee unde ...More

The ceiling of tax-free gratuity stands enhanced to Rs 20 lakh from existing Rs 10 lakh for employee under the Payment of Gratuity Act. ...Less

The Department of Public Enterprises has clarified gratuity rules for Central Public Sector Enterprise em ...More

The Department of Public Enterprises has clarified gratuity rules for Central Public Sector Enterprise employees. A Rs 20 lakh gratuity payment is now mandatory for all CPSEs from March 29, 2018, regardless of their financial capacity. This change follows an amendment to the Payment of Gratuity Act, 1972. Earlier, affordability was a condition for certain employees. ...Less

The Gratuity Amendment Bill is likely to be passed in the forthcoming Budget session, which will make for ...More

The Gratuity Amendment Bill is likely to be passed in the forthcoming Budget session, which will make formal sector workers eligible for tax free Rs 20 lakh gratuity. ...Less

Central government employees under the National Pension System (NPS) now have clarified eligibility for g ...More

Central government employees under the National Pension System (NPS) now have clarified eligibility for gratuity and death gratuity. Gratuity is payable upon completing five years of qualifying service and retiring under specific circumstances. Resignation generally forfeits past service and gratuity, with exceptions for technical resignations or absorption into government-controlled entities. ...Less

Under the Payment of Gratuity Act, an employee is eligible for gratuity on the termination of his employm ...More

Under the Payment of Gratuity Act, an employee is eligible for gratuity on the termination of his employment after he has rendered continuous service for a minimum of five years. Gratuity is equivalent to 15 days of salary for each year an employee has spent in an organisation. ...Less

The amendment will allow govt to enhance the ceiling of tax-free gratuity to Rs 20 lakh from existing Rs ...More

The 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 Payment of Gratuity Act. ...Less

An employee is eligible to receive gratuity only if he has completed at least five years of continuous se ...More

An employee is eligible to receive gratuity only if he has completed at least five years of continuous service with an organisation without interruption. ...Less

Under current rules, an employee has to work for a company for five continuous years to be eligible for g ...More

Under current rules, an employee has to work for a company for five continuous years to be eligible for gratuity payment. According to reports, there is now a push in govt circles to cut the five-year criterion to a shorter period — between one and three years. ...Less

Proposed increase in tax free gratuity limit won't benefit bulk of employees immediately. Here's why. ...More

Proposed increase in tax free gratuity limit won't benefit bulk of employees immediately. Here's why. ...Less

Considering inflation and wage increase in the case of private sector employees, the government is of the ...More

Considering inflation and wage increase in the case of private sector employees, the government is of the view that the gratuity entitlement should be revised. ...Less

n response to a petition filed by a former employee of HDFC Bank, the controlling authority in Kerala rul ...More

n response to a petition filed by a former employee of HDFC Bank, the controlling authority in Kerala ruled that the bank must include "personal pay" while calculating the petitioner's gratuity and not just his basic pay. This was because the employer had termed the component as "personal pay", not as a "personal allowance" - personal allowances are excluded while calculating gratuity payment. ...Less

Gratuity paid to government employees is exempt from tax and the tax-free limit for private employees is ...More

Gratuity paid to government employees is exempt from tax and the tax-free limit for private employees is Rs 20 lakh. ...Less

The move is aimed to redress the issue of employees losing gratuity payments if they have not completed t ...More

The move is aimed to redress the issue of employees losing gratuity payments if they have not completed the mandatory ceiling of five years of employment. ...Less

Cos may be asked to create a separate fund for gratuity payments so that savings are not wiped out. ...More

Cos may be asked to create a separate fund for gratuity payments so that savings are not wiped out. ...Less

Besides, the bill to amend the Payment of Gratuity Act also seeks to enable the central government to cha ...More

Besides, the bill to amend the Payment of Gratuity Act also seeks to enable the central government to change the ceiling for tax-free gratuity after factoring in rise in income levels. ...Less

Finance Minister Arun Jaitley said Tuesday the decision to double tax-free gratuity limit to Rs 20 lakh w ...More

Finance Minister Arun Jaitley said Tuesday the decision to double tax-free gratuity limit to Rs 20 lakh will benefit public and private sector employees. ...Less

Central Government employees under the Unified Pension Scheme (UPS) now gain retirement and death gratuit ...More

Central Government employees under the Unified Pension Scheme (UPS) now gain retirement and death gratuity benefits up to Rs 25 lakh, as per the latest rules. This adds to the existing lump-sum payment within UPS, offering a double financial advantage. Read below to know how government employees can benefit from this new development. ...Less

"The bill to amend the Payment of Gratuity Act is likely to be considered and approved by the Union Cabin ...More

"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. ...Less

The latest enhancement of tax exemption limit on gratuity follows a government notification issued on Mar ...More

The latest enhancement of tax exemption limit on gratuity follows a government notification issued on March 29, 2018. ...Less

A bill to raise the ceiling of gratuity for employees to Rs 10 lakh from the current level of Rs 3.5 lakh ...More

A bill to raise the ceiling of gratuity for employees to Rs 10 lakh from the current level of Rs 3.5 lakh was introduced in the Lok Sabha today. ...Less

Private companies in Karnataka must now partner with insurance firms and pay an annual premium towards gr ...More

Private companies in Karnataka must now partner with insurance firms and pay an annual premium towards gratuity obligations under the Karnataka Compulsory Gratuity Insurance Policy Rules, 2024. The regulation applies to companies with more than 10 employees and requires registration with the controlling authority under the Labour department. This regulation mandates compulsory insurance for gratuity payments as per the Payment of Gratuity Act, 1972. ...Less

The notification follows changes in the Payment of Gratuity Act which had empowered the government to fix ...More

The notification follows changes in the Payment of Gratuity Act which had empowered the government to fix the ceiling of the retirement benefit through an executive order. ...Less

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A retired teacher in Pune, denied her gratuity after 25 years of service, sought intervention from the Bo ...More

A retired teacher in Pune, denied her gratuity after 25 years of service, sought intervention from the Bombay High Court. The court, referencing the Payment of Gratuity Act and a Supreme Court precedent, mandated immediate release of her gratuity with 10% annual interest for the delay. The court also directed expedited processing of her pension papers. ...Less

The gratuity limit for private sector is expected to be raised to Rs 20 lakh in line with that in the gov ...More

The gratuity limit for private sector is expected to be raised to Rs 20 lakh in line with that in the government sector. ...Less

The Rajya Sabha was informed that service rendered by an employee in an autonomous body will be considere ...More

The Rajya Sabha was informed that service rendered by an employee in an autonomous body will be considered for gratuity in the central government, according to the Department of Pension and Pensioners' Welfare. This applies to employees with National Pension System (NPS) who resign with permission to join the government. The All India NPS Employees Federation has welcomed this move. ...Less

The Code on Social Security, 2020 expands the wage base for gratuity, potentially increasing payouts, but ...More

The Code on Social Security, 2020 expands the wage base for gratuity, potentially increasing payouts, but tax rules under the Income-tax Act, 1961 and the Income-tax Act, 2025 still rely on basic pay plus DA. With the Payment of Gratuity Act, 1972 now subsumed, this mismatch could make part of the higher gratuity taxable—highlighting the need for alignment between labour and tax laws. ...Less

Any death-cum-retirement gratuity received by an employee in accordance with the prescribed scheme/rules, ...More

Any death-cum-retirement gratuity received by an employee in accordance with the prescribed scheme/rules, is not taxable. Investing in MIP, fixed deposits or FMPs? ...Less

Dearness allowance hike: The EPFO has opted to keep in "abeyance" the retirement and death gratuity incre ...More

Dearness allowance hike: The EPFO has opted to keep in "abeyance" the retirement and death gratuity increase for workers, which is a blow to those employed by the government and organised sector. In March 2024, the Central government raised the Dearness Relief (DR) and Dearness Allowance (DA) by 4%. ...Less

IRDA has allowed state-owned non-life insurance companies to provide for their increased gratuity liabili ...More

IRDA has allowed state-owned non-life insurance companies to provide for their increased gratuity liability in instalments. This ...Less

Our expert offers tips on various tax-related issues in this weekly column. ...More

Our expert offers tips on various tax-related issues in this weekly column. ...Less

Govt to notify the period of maternity leave and gratuity that can be availed by employees under a centra ...More

Govt to notify the period of maternity leave and gratuity that can be availed by employees under a central law ...Less

Modern Indians are redefining investment strategies; rather than saving first, the youth now prioritise t ...More

Modern Indians are redefining investment strategies; rather than saving first, the youth now prioritise their financial goals before choosing investment products. This evolution shows a desire for financial independence, allowing individuals the liberty to make choices unburdened by financial strain. The advent of technology and improving accessibility to investment options has significantly enhanced wealth accumulation opportunities, indicating a broader trend of increasing incomes across the nation. ...Less

The government today raised income tax exemption limit on gratuity from Rs 3.5 lakh to Rs 10 lakh, with e ...More

The government today raised income tax exemption limit on gratuity from Rs 3.5 lakh to Rs 10 lakh, with effect from May 24. LIC's Jeevan Surabhi | Invest early, create wealth ...Less

As of November 21, 2025, the landscape of employee benefits has shifted dramatically with the new labour ...More

As of November 21, 2025, the landscape of employee benefits has shifted dramatically with the new labour codes. Fixed-term workers will now be entitled to gratuity after a single year of service, a stark contrast to the five-year waiting period faced by their permanent counterparts. This change is designed to level the playing field and enhance compensation for fixed-term roles. ...Less

The maximum limit amount of gratuity under the Payment of Gratuity Act, 1972 has been enhanced from Rs 10 ...More

The maximum limit amount of gratuity under the Payment of Gratuity Act, 1972 has been enhanced from Rs 10 lakh to Rs 20 lakh vide notification dated 29 March, 2018. ...Less

The standard five-year service rule isn't absolute when it comes to qualifying for gratuity. Read on to f ...More

The standard five-year service rule isn't absolute when it comes to qualifying for gratuity. Read on to find out which situations or nature of work may qualify you earlier for Gratuity. ...Less

It is a defined monetary benefit plan where no contributions are made by the employee. The employer pays ...More

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 for at least 5 years. ...Less

The gratuity liability is expected to rise, as the new labour codes have redefined wages and eased the el ...More

The gratuity liability is expected to rise, as the new labour codes have redefined wages and eased the eligibility for such a benefit for fixed-term workers, including the contractual ones. This liability, the ICAI said, needs to be recognised in interim financial statements/results of companies for the December quarter, in sync with relevant accounting requirements. ...Less

The purpose of the Special Deposit Scheme was to provide better returns to non-government provident funds ...More

The purpose of the Special Deposit Scheme was to provide better returns to non-government provident funds, superannuation and gratuity funds. ...Less

Dilip Lakhani Senior Chartered Accountant, answers queries from our readers on income tax and other levie ...More

Dilip Lakhani Senior Chartered Accountant, answers queries from our readers on income tax and other levies. ...Less