Ghanti Bajao: Lok Sabha passes bill to enable govt to double tax-free gratuity to Rs 20 lakh

Ghanti Bajao: Lok Sabha passes bill to enable govt to double tax-free gratuity to Rs 20 lakh 


The Lok Sabha on Thursday passed the Payment of Gratuity (Amendment) Bill which seeks to empower the government to fix period of maternity leave and tax-free gratuity amount with an executive order. After the passage of the Payment of Gratuity (Amendment) Bill in the Rajya Sabha, the government would be able to enhance the ceiling of tax-free gratuity to Rs 20 lakh from existing Rs 10 lakh for employee under the Payment of Gratuity  

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