What is gratuity amendment bill and how you can benefit; all you want to know
Gratuity amendment bill: The central government is now enabled to fix the ceiling of tax free gratuity, besides being empowered to fix the period of maternity leave through executive order. This limit of Rs 20 lakh has already been implemented by 7th Pay Commission recommendations for government employees. The gratuity amendment bill notifies the period of maternity leave as part of continuous service and proposes to empower the central government to notify the gratuity ceiling from time to time without amending the law.
Gratuity amendment bill: The government is empowered to fix the ceiling of the retirement benefit through an executive order. Image source: PTI