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  • News From Press Tax-free gratuity ceiling raised to Rs 20 lakh for private sector employees

    Tax-free gratuity ceiling raised to Rs 20 lakh for private sector employees

    Source : ET Mar 30, 2018

    The government today notified doubling of the limit of tax-free gratuity to Rs 20 lakh in private sector. 

    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. 

    The amendment bill approved by Parliament earlier in the month had also empowered the government to fix the period of maternity leave. 

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