Payment of Gratuity Act 1972: Current Affairs, GK & News - 2020-2021
Social Security Code Bill introduced in Lok Sabha
Published: December 12, 2019
On December 11, 2019, the social security code bill was introduced in Lok Sabha. The bill paves way for universalization of social security of 50 crore workers in the country. Key Features of the bill The bill proposes setting up of a social security fund to fulfill benefits such as medical cover, pension, death and ..
Category: Legal & Constitution Current Affairs
Income tax exemption limit on gratuity doubled to Rs 20 lakh
Published: March 8, 2019
The government has increased the tax-free gratuity income limit to Rs 20 lakh. This move will benefit the public as well as private sector employees. What is Gratuity? Gratuity is the monetary benefit provided by the employer to his/her employee for the services rendered by him during the period of employment. A minimum of five ..