IT Exemption for Gratuity upto 20 Lakh – Gazette Notification

IT Exemption for Gratuity upto 20 Lakh – Gazette Notification Gazzette Notification: Exemption u/s 10 of Income Tax – Rs. 20 Lakh for Gratuity w.e.f. 29.03.2018 MINISTRY OF FINANCE (Department of Revenue (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 8th March, 2019 (Income-tax) S.O. 1213(E).—In exercise of the powers conferred by sub-clause (iii) … Read more

Income Tax on Gratuity – exemption enhanced Up to 20 lakhs

Income Tax on Gratuity – exemption enhanced Up to 20 lakhs Income tax exemption for gratuity increased from Rs.10 lakhs to 20 lakhs w.e.f. 29.3.2018 Income tax exemption for gratuity enhanced Up to Rs. 20 lakhs Ministry of Finance has enhanced the income tax exemption for gratuity under section 10 (10) (iii) of the Income … Read more

Retirement Benefit for CG Employees – Pension | Family Pension | Gratuity | Commutation

Retirement Benefit for CG Employees – Pension | Family Pension | Gratuity | Commutation Salient Features of the Pension Entitlements of CG Employees Senior Citizen Entitlement of Employees Department of Social Justice & Empowerment has informed that there is at present no proposal in that Department for lowering the age of senior citizen. Government employees … Read more

FAQ for Central Civil Services – Gratuity

FAQ for Central Civil Services – Gratuity Frequently Asked Questions (FAQs) (Central Civil Services) 10.GRATUITY (10.1) When will the gratuity withheld at the time of retirement be released? The withheld amount of gratuity under sub-rule (5) of CCS(Pension) Rules, 1972, the mretiring Government employees, shall be paid immediately on production of “No Demand Certificate” from … Read more