The new labour codes which were incorporated into the labour laws on November 21, 2025, brought about significant changes in the way employees receive bonus, gratuity, and other benefits. As for ...
In a major relief for salaried employees in India, the government is set to introduce a significant reform in gratuity rules under the new labour framework. Traditionally, employees were required to ...
Gratuity is a lump sum amount paid by an employer to its employee when she leaves the company after completing a minimum of five years.(Photo: iStock) Gratuity is a lump sum amount paid by an employer ...
The Cabinet on Tuesday approved an Amendment Bill seeking to double tax-free gratuity for formal sector employees to Rs 20 lakh from the current limit of Rs 10 lakh. With this amendment, the maximum ...
Gratuity is a lump sum amount an employee gets when she retires, resigns, dies or becomes disabled due to an accident or disease, provided she had worked for at least five continuous years for the ...
Salary 2026: Gratuity is a key employee benefit in India — essentially a financial cushion paid by your employer when you exit a job. Traditionally, you had to complete five years of continuous ...
To claim such relief, the taxpayer is required to file Form 39 (previously Form 10E) electronically on the income-tax e-filing portal. It is advisable to file such a form before filing the income-tax ...
Rs 20 lakh gratuity tax exemption is a lifetime cumulative limit. Exemption does not reset with each new employer. Employees must track exemptions claimed from previous jobs. Gratuity is one of the ...
Gratuity is the money which is paid by an employer to his employee in return for services. It is governed by the Payment of Gratuity Act 1972. The Gratuity Act caps the amount of gratuity at Rs 10 ...