Thu, Nov 22, 2018
The gratuity rules and requirements in India have been enshrined under the Payment of Gratuity Act, 1972. In private/ corporate sector, or those working with an organised sector also get gratuity at the time of retirement/death or on termination of services, but this amount under certain conditions is not fully exempt from taxes. And yes, that is surprising for many.
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Sun, Jan 14, 2018
At present formal sector workers with five or more years of service are eligible for Rs 10 lakh tax free gratuity after leaving job
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