Fri, Mar 08, 2024
7th Pay Commission: The central government has announced a four per cent hike in dearness allowance (DA) and dearness relief (DR). It has also increased House Rent Allowance (HRA) and also hiked tax exemption limit for gratuity. After a four per cent hike, the DA has reached at 50 per cent. Now, the question is whether this 50 per cent DA will add to the basic pay and will become zero? When and how can the 50 per cent DA be merged with basic pay? Read to know more
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7th Pay Commission: Central government employees get a number of bonanzas on Thursday evening as the central government announced a four per cent hike in dearness allowance (DA) and dearness relief (DR). It also increased the tax limit for gratuity from Rs 20 lakh to Rs 25 lakh. But in another important announcement along with these two, Centre also increased the House Rent Allowance by one to three per cent. Know the new rates-
7th Pay Commission: The central government on Thursday evening announced an increment of four per cent in dearness allowance (DA) and dearness relief (DR), which has now increased from 46 per cent to 50 per cent Alongside that, Centre also announced an increase in the tax exemption limit of gratuity. The central government employees don't have to pay any tax up to Rs 25 lakh gratuity. The earlier limit for the same was Rs 20 lakh.
Sat, Sep 02, 2023
Employees are eligible to receive their gratuity only after completing five years in an organisation or a company. An employee is also eligible for gratuity in case of his death, under certain circumstances.
Fri, Sep 16, 2022
According to gratuity act section 2A if someone does not complete his/her 5 years work duration in current company, is also eligible for gratuity. ig you want to know more here in this video know details in hindi
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