Budget 2019 – Interim Budget: Gratuity Limit Increased To Rs. 30 Lakh, Says Piyush Goyal

Union Minister Piyush Goyal on Friday proposed to increase the gratuity limit to Rs 30 lakh. The gratuity limit has been increased from Rs 10 lakh to Rs 30 lakh, Mr Goyal said while presenting the interim budget for 2019-20…

Budget 2019 - Interim Budget: Gratuity Limit Increased To Rs. 30 Lakh, Says Piyush Goyal

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Union Minister Piyush Goyal on Friday proposed to increase the gratuity limit to Rs 30 lakh. The gratuity limit has been increased from Rs 10 lakh to Rs 30 lakh, Mr Goyal said while presenting the interim budget for 2019-20 in Parliament. The additional Rs 10 lakh in gratuity comes on the back of a raise of the same magnitude in gratuity by the government last year. It had in March last year effected the double limit of tax-free gratuity in the private sector.

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