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- 29 Mar 2018
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Government vide notification S.O. 1420 (E) dated 29.03.2018 increased the limit of amount of gratuity payable to an employee under sub-section (3) of section 4 of the Payment of Gratuity Act, 1972 (39 of 1972) from from the existing limit of Rs. 10 Lakh to Rs. 20 Lakhs.
MINISTRY OF LABOUR AND EMPLOYMENT
NOTIFICATION
New Delhi, the 29th March, 2018
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.
List of Recent Gratuity Related Notification
| Title | Notification No. | Date |
|---|---|---|
| Payment of Gratuity (Amendment) Act, 2018 applicable from 29.03.2018 | Notification No. S.O. 1419(E). | 29/03/2018 |
| Govt. increases maximum gratuity limit to Rs. 20 Lakhs | Notification No. S.O. 1420 (E). | 29/03/2018 |
| Govt notifies maximum maternity leave of 26 weeks for Gratuity | Notification No. S.O. 1421 (E) | 29/03/2018 |
| President assents Payment of Gratuity (Amendment) Act, 2018 | NO. 12 OF 2018 | 29/03/2018 |
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Category : Corporate Law (4042)
Type : Notifications (15928) Notifications/Circulars (32218)
Tags : gratuity (85) gratuity 10 lakh (26) gratuity limit (103) payment of gratuity act (31) payment of gratuity act 1972 (26)
8 responses to “Govt. increases maximum gratuity limit to Rs. 20 Lakhs”
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I am retired on 31/10/2017 from Gujarat industrial Development Corporation (Government of Gujarat Undertaking), please let me know that can I am eligible for the increase of Gratuity limit from 10.0 lacs to 20.0 lacs
My father was expired in Nov 2017 & he was suppose to retire from ONGC on 28.2.2018. My Mother received gratuity of Rs 10 lakh tax free + 10 lakh with 33% tax deduction. The gazette notification s.o. 1419(E) & 1420(E) passed on 29.03.2018. please do inform whether I can this tax refund.
With due regards.
Yes. You can file revised return and claim exemption.
I am retired on 30.6.2017 as private sector employee. As per notification the exemption limit of Gratuity is increased to 20 lakh. let me know I am eligible for the enhanced limit of Rs. 20 lakhs as tax free.
Yes. You can file revised return and claim exemption.
I left my job with Gratuity INR 15 lakh on 30th Aug 2017 from Private Sector. Is it tax free in FULL in PY 2017-18 with AY 2018-19??
I am a retired executive from Oil PSU. I retired in June,2017 and entitled for new pay scale which is effective from 01/01/2017.
Please let me know is the increased gratuity amount of Rs.10 lakh is taxable?
As you are govt employee, your whole gratuity is tax free.