Budget 2018: Soon, tax-free Rs 2-mn gratuity for employees may be a reality

[Informalisation and Labour Rights - Related News]

Payment of Gratuity Amendment Bill 2017 is likely to be passed in the forthcoming Budget session, which will make formal sector workers eligible for tax-free Rs 2 million (Rs 20 lakh) gratuity. At present, formal sector workers with five or more years of service are eligible for Rs 1 million (Rs 10 lakh) tax-free gratuity after leaving a job or at time of superannuation.