IT Exemption on Gratuity - 20 lakhs w.e.f. 29.3.2018 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 Tax Act, 1961 to Rs. 20 lakhs. Shri Santosh Kumar Gangwar, … [Read more...] about IT Exemption on Gratuity – 20 lakhs w.e.f. 29.3.2018
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Gratuity
Payment of Gratuity to the employees of CPSEs-Clarifications-regarding
Payment of Gratuity to the employees of CPSEs-Clarifications-regarding Amendment in the Payment of Gratuity Act, 1972, regarding enhancement of ceiling of gratuity from Rs.10 lakhs to Rs.20 lakhs and effective date i.e. 29.03.2018. … [Read more...] about Payment of Gratuity to the employees of CPSEs-Clarifications-regarding
Brief on Payment of Gratuity (Amendment) Act, 2018
Brief on Payment of Gratuity (Amendment) Act, 2018 ” Representatives are requesting to this Ministry that the effective date of Payment of Gratuity (Amendment) Act, 2018 will 01.01.2016 instead of 29.03.2018 at par with the Central Government employees’ 1. The Payment of Gratuity (Amendment) Bill, 2018 has been passed the 14th Sabba Sabha on 15.03.2018 and 22.03.2018 … [Read more...] about Brief on Payment of Gratuity (Amendment) Act, 2018
Gazette Notification on Gratuity: Amount, Effective Date and Maternity Leave
Gazette Notification on Gratuity: Amount, Effective Date and Maternity Leave “Gratuity Ceiling Amendment Notifications issued by Government of India regarding Upper limit of Gratuity Payment, Date on which come into force and Maximum Period of Maternity Leave… MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 29th March, 2018 S.O. 1419(E).—In exercise of the … [Read more...] about Gazette Notification on Gratuity: Amount, Effective Date and Maternity Leave
Gratuity ceiling raised to 20 Lakhs w.e.f. 29.3.2018
Gratuity ceiling raised to 20 Lakhs w.e.f. 29.3.2018 Payment of Gratuity (Amendment) Act, 2018 brought in force on 29th March, 2018 Decision:The Payment of Gratuity (Amendment) Bill, 2018 has been passed by Lok Sabha on 15th March, 2018 and by the Rajya Sabha on 22nd March, 2018, has been brought in force on 29th March, 2018. Background: The Payment of Gratuity Act, 1972 … [Read more...] about Gratuity ceiling raised to 20 Lakhs w.e.f. 29.3.2018