Payment Of Gratuity (amendment) Bill

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EconomyMar 8, 2019, 5:59 PM IST
Income tax exemption limit on gratuity doubled: How this will benefit employees

Finance minister Arun Jaitley on Friday announced that the income tax exemption limit on gratuity has been doubled from the existing Rs 10 lakh. The move is beneficial to employees, who are not covered under the Payment of Gratuity Act, 1972.

Income tax exemption limit on gratuity doubled: How this will benefit employees