On March 18, 2017 12:15 (IST)
An employee gets gratuity when he/she resigns, retires or is laid off. In case of death or disablement there is no minimum eligibility period.
On March 15, 2017 09:51 (IST)
The Union Cabinet is likely to consider today a draft amendment bill which seeks to double the ceiling of tax-free gratuity to Rs 20 lakh under the Payment of Gratuity Act, news agency Press Trust of India reported.
On March 08, 2017 21:32 (IST)
Recently, trade unions agreed on the proposal of doubling gratuity ceiling upon in discussions with labour ministry, according to Press Trust of India.
On August 17, 2016 10:59 (IST)
On the recommendation of Seventh Pay Commission, the government has increased the gratuity limit to Rs 20 lakh from Rs 10 lakh. This is good news for government employees as they will get more money on retirement.
On November 25, 2011 11:40 (IST)
The government on Friday raised the income tax exemption limit on gratuity from Rs 3.5 lakh to Rs 10 lakh, with effect from May 24. "Employees who retire, become incapacitated, terminated, or die on or after May 24, 2010, will get I-T exemption for gratuity up to Rs 10 lakh," a Finance Ministry official said in New Delhi. The Finance M...