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Home News Cabinet nod likely to double gratuity cap to Rs 20 lakh

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Cabinet nod likely to double gratuity cap to Rs 20 lakh

Cabinet nod likely to double gratuity cap to Rs 20 lakh

Wednesday, March 15, 2017, 6:56 AM

The Union Cabinet is likely to consider a draft amendment bill which seeks to double the ceiling of tax-free gratuity to Rs.20 lakh under the Payment of Gratuity Act. Besides, the bill seeks to enable the central government to change the 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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