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 … [Read more...]
IT Exemption on Gratuity – 20 lakhs w.e.f. 29.3.2018
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 … [Read more...]
FAQ for Central Civil Services – Gratuity
FAQ for Central Civil Services – Gratuity Frequently Asked Questions (FAQs) (Central Civil Services) 10.GRATUITY (10.1) When will the gratuity withheld at the time of retirement be released? The withheld amount of gratuity under sub-rule (5) of C … [Read more...]
Payment of Gratuity to the employees of CPSE
Payment of Gratuity to the employees of CPSE Payment of Gratuity to the employees of CPSEs-Clarifications 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 … [Read more...]
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 … [Read more...]
UFBU writes to Finance Minister regarding Gratuity Ceiling
UFBU writes to Finance Minister regarding Gratuity Ceiling UNITED FORUM OF BANK UNIONS (AIBEA-AIBOC-NCBE-AIBOA-BEFI-INBEF-INBOC-NOBW-NOBO) C/o, state Bank of India, LHO, Plot No-I, sector-17A. chandigarh - 160 017 Phone (office) : … [Read more...]
Retirement Gratuity Ceiling hiked to Rs.20 lakh for bank employees and officers
Retirement Gratuity Ceiling hiked to Rs.20 lakh for bank employees and officers - AIBEA Joint Ciruclar on Gratuity Ceilin CIRCULAR TO ALL UNITS & MEMBERS March, 2, 2017 Dear Comrades, Improvements in Gratuity under Gratuity Act Our units are … [Read more...]
Gratuity Benefits under National Pension System (NPS)
Gratuity Benefits under National Pension System (NPS) Press Information Bureau Government of India Ministry of Finance 03-May-2013 16:54 IST Gratuity Pay under New Pension System Death-cum-Retirement Gratuity is paid to Central Government employees … [Read more...]
Rationalisation of Death Gratuity by 7th Pay Commission
Rationalization of Death Gratuity by 7th Pay Commission The Commission has received representations pointing to a need for rationalization of current slabs for death gratuity, especially for the slab of 5 to 20 years of qualifying service in which fa … [Read more...]
7th CPC increased Gratuity Ceiling limit – 20 lakh from 1.1.2016
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 o … [Read more...]