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Budget 2019 - Interim Budget: Gratuity Limit Increased To Rs. 30 Lakh, Says Piyush Goyal

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Union Minister Piyush Goyal on Friday proposed to increase the gratuity limit to Rs. 30 lakh. The gratuity limit has been increased from Rs. 10 lakh to Rs. 30 lakh, Mr Goyal said while presenting the interim budget for 2019-20 in Parliament. The additional Rs. 10 lakh in gratuity comes on the back of a raise of the same magnitude in gratuity by the government last year. It had in March last year effected the double limit of tax-free gratuity in the private sector.
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Category
Asia
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