Income Tax Exemption Limit on Gratuity Doubled to Rs 20 Lakh, Says Labour Ministry

Income Tax Exemption Limit on Gratuity Doubled to Rs 20 Lakh, Says Labour Ministry

The latest enhancement of tax exemption limit on gratuity follows a government notification issued on March 29, 2018, under which the ceiling was increased from Rs 10 lakh to 20 lakh effective March 29, 2018.

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