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Latest insights on Human Resource and Workforce related topics in India and articles from HR thought leaders at Aon Hewitt.

Who really gains from the proposed increase in tax-free gratuity limit to Rs 20 lakh?

25 Oct 2017 by  ET Online

The government has proposed to hike the tax free gratuity payment limit from the current Rs 10 lakh to Rs 20 lakh - on 12 September 2017, the Cabinet cleared The Payment of Gratuity (Amendment) Bill, 2017. However, before you rejoice, do you know if this will actually benefit you monetarily? Our calculations show that immediate beneficiaries of this move will be very senior level employees (like your boss) and the bulk of the working class at current salary levels are unlikely to gain from this move immediately. Yes, if you have just joined the workforce this move would be beneficial in the long run. Read on to  know why
 

ET Online