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maximum limit of gratuity
maximum limit of gratuity for ay 2018-19
Replies (7)
maximum limit 10 lakh
maximum limit 10 lakh
increased to 20 lakh
https://pib.nic.in/newsite/PrintRelease.aspx?relid=178218
20 lacs...and more will be taxable income for you
yea.. its changed to 20 lakhs
The Payment of Gratuity (Amendment) Bill, 2018 has been passed by Lok Sabha on 15th March, 2018 and by the Rajya Sabha on 22nd March, 2018, has been brought in force on 29th March, 2018 it is applicable for next Assessement Year
Currently it is 10 lakhs (FOR AY 2018-2019)
Is it correct
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