Latest Updates - What's New - Today's HotIT 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 Delhi, the 8th March, 2019 (Income-tax) S.O. 1213(E).—In exercise of the powers conferred by sub-clause (iii) of clause […]
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 […]
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 powers conferred […]
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, […]
Upper Ceiling on Gratuity 20 Lakhs
Upper Ceiling on Gratuity 20 Lakhs – Gratuity Bill Passed by Parliament Ministry of Labour & Employment Payment of Gratuity (Amendment) Bill, 2018 passed by Parliament The Payment of Gratuity (Amendment) Bill, 2018 has been passed by parliament today.The bill ensures harmony amongst employees in the private sector and Public Sector Undertakings/Autonomous Organizations under Government who […]
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 of representations have been received by the Commission stating that there is a need to revise […]