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Gratuity
From Asuku.com
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Payment of Gratuity (Amendment) Bill
- March 22, 2018: Economic Times has reported: The Parliament today passed the Payment of Gratuity (Amendment) Bill which will increase the ceiling of tax-free gratuity amount to Rs 20 lakh from Rs 10 lakh. Further, this will allow the Government to increase the gratuity ceiling from time to time without amending the law. The amendment also gives flexibility to the Government to extend the ceiling in the future by mere notification as opposed to the requirement of an amendment.
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