Gratuity Ceiling

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, … Read more

7th CPC Gratuity – Calculation and Rates Gratuity – Calculation, Ceiling, Qualifying Service and Rates Retirement and Service Gratuity – Calculation, Ceiling, Qualifying Service and Rates What is Gratuity? Gratuity is a bulk amount paid by the employer to his/her employee for his/her service at the time of retirement under the Gratuity Act 1972 . … Read more