Gratuity limit

IT Exemption for Gratuity upto 20 Lakh – Gazette Notification

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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

7th CPC increased Gratuity Ceiling limit – 20 lakh from 1.1.2016

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7th CPC increased Gratuity Ceiling limit – 20 lakh from 1.1.2016 Enhancement in the Gratuity Ceiling and its Indexation The Commission recommends enhancement in the ceiling of gratuity from the existing ₹10 lakh to ₹20 lakh from 01.01.2016. A number of representations have been received by the Commission stating that there is a need to … Read more