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Cabinet likely to approve bill doubling gratuity cap to Rs20 lakh

Cabinet likely to approve bill doubling gratuity cap to Rs20 lakh

Wednesday, March 15, 2017, 9:30 AM

The Union cabinet is likely to consider a draft amendment bill on Wednesday which seeks to double the ceiling of tax-free gratuity to Rs20 lakh under the Payment of Gratuity Act. Besides, the bill seeks to enable the central government to change ceiling for tax-free gratuity after factoring in rise in income levels by an executive order bypassing Parliament route to amend the law.
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