Every employee should know about the gratuity. It gives him/her a big amount at the time of leaving a job. The gratuity is the right of an employee and an employer can’t decline it. I have listed 5 most important things of the gratuity. To know more about the gratuity you should read my detailed… [Continue Reading]
Now you can get higher gratuity without paying taxes. The Government is going to increase the limit for tax-free gratuity. The union cabinet has decided to increase the tax-free gratuity limit to ₹20 lakhs. As of now, it is ₹10 lakhs. This decision would benefit the employees of the private sector and PSUs. The central government… [Continue Reading]
Gratuity is a mark of recognition to your long service. Learn the gratuity rules, eligibility, gratuity formula, and gratuity taxation in a nutshell.
Now You may get a higher gratuity at the time of leaving the job. The government has relaxed the tax-free limit of the gratuity. As of now, there is not tax on gratuity upto ₹10 lakhs. Thus, employers limit the gratuity payment up to ₹10 lakhs. But now government is increasing this limit up to… [Continue Reading]