Govt. raises tax-free gratuity ceiling to Rs. 20 Lakhs.

The Government vide notification S.O. 1420 (E) dated 29.03.2018 has increased the limit of amount of gratuity payable to an employee under section 4(3) of the Payment of Gratuity Act, 1972 from the existing limit of Rs. 10 Lakh to Rs. 20 Lakhs

Refer:corporatelaws.taxmann.com