Fri, Mar 08, 2024
7th Pay Commission: The central government on Thursday evening announced an increment of four per cent in dearness allowance (DA) and dearness relief (DR), which has now increased from 46 per cent to 50 per cent Alongside that, Centre also announced an increase in the tax exemption limit of gratuity. The central government employees don't have to pay any tax up to Rs 25 lakh gratuity. The earlier limit for the same was Rs 20 lakh.
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Sat, Sep 02, 2023
Employees are eligible to receive their gratuity only after completing five years in an organisation or a company. An employee is also eligible for gratuity in case of his death, under certain circumstances.
Mon, Jul 04, 2022
New wage code 2022: New labour codes can be implemented across the country may be this year. It can impact your salary, working hours and weekly offs. The Centre has finalised the four codes related to wages, social security, industrial relations and occupational safety. Now it is up to the states to implement them.
Wed, Sep 13, 2017
Payment of Gratuity (Amendment) Bill, 2017 Amendment Bill seeks to double tax -free gratuity for private sector employees to Rs 20 lakh as against the current limit of Rs 10 lakh.
Tue, Feb 28, 2017
Presently, under the Payment of Gratuity Act, an employee is eligible for gratuity amount only after the completion of minimum five years of service.
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