What is the Gratuity limit? is it 10 Lacs or 20 Lacs?

koppunoor

Please reply if 20 Lacs is implemented then from which date??
28th December 2017 From India, Hyderabad

Prashant B Ingawale

467

As of now the limit is 10 lakh only which is tax free under IT Act . But you can pay beyond 10 lakh which will be taxable as per IT Act.
28th December 2017 From India, Pune

magesh-kuppuswami

Is there any revision in gratuity ceiling from 10 lakhs to 20 lakhs. If it so, kindly send me the GO for that K. Magesh Chennai
7th July 2018 From India, Chennai

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