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Lok Sabha passes bill to enable govt to double tax-free gratuity to Rs 20 lakh


 

 

NEW DELHI: Lok Sabha on Thursday passed the Payment of Gratuity (Amendment) Bill which seeks to empower the government to fix period of maternity leave and tax-free gratuity amount with an executive order.



Now the government would be able to enhance the ceiling of tax-free gratuity to Rs 20 lakh from existing Rs 10 lakh for employee under the Payment of Gratuity Act.

 

 


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