Gratuity Tax Free Limit increased to Rs 20 Lakh : Notification

By | March 30, 2018
(Last Updated On: March 30, 2018)

Gratuity Tax Free Limit increased to Rs 20 Lakh

NOTIFICATION
New Delhi, the 29th March, 2018

S.O. 1420 (E).—In exercise of the powers conferred by sub-section (3) of section 4 of the Payment of Gratuity Act, 1972 (39 of 1972), the Central Government hereby specifies that the amount of gratuity payable to an employee under the said Act shall not exceed twenty lakh rupees.

[No. S-42012/02/2016-SS-II]
MANISH GUPTA, Jt. Secy.

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2 thoughts on “Gratuity Tax Free Limit increased to Rs 20 Lakh : Notification

  1. YOGESH SHAH

    FROM WHICH ASSESSMENT YEAR THE LIMIT OF RS. 20 LACS IS APPLICABLE KINDLY CLARIFY

    Reply
  2. Pingback: Gratuity Exemption limit AY 2019-20 FY 2018-19 under Income Tax Act  - Tax Heal

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