Tuesday, January 14, 2025

Government employees can get gratuity up to Rs 25 lakh: What is tax-exempt gratuity for private sector, government employees?

Tax-free gratuity limit for employees: The government has hiked the maximum amount of gratuity that a government employee can receive to Rs 25 lakh. The new limit is effective from January 1, 2024. However, not many are aware of the tax-exempt limit of gratuity for private sector and government employees.

from Tax-Wealth-Economic Times https://ift.tt/fJXMGjK

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