Parliament passes bill to double tax-free gratuity to â¹20L
The Parliament on Thursday passed the Payment of Gratuity (Amendment) Bill which will enable the government to double the ceiling of tax-free gratuity to â¹20 lakh. This will also allow the increase of cap from time to time without amending the law. Gratuity is a benefit offered to an employee for serving an organisation continuously for at least 5 years.