Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

I am retiring in January 2009 from private sector. Am i eligible for the revised gratuity ceiling of Rs. 10 lakhs?

06 Jan '09 10:50 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (3)

1.

In a move thats likely to benefit the salaried, the labour ministry is mulling a proposal to virtually treble the ceiling on tax-free gratuity to Rs 10 lakh from Rs 3.5 lakh now.

The ministry has sought comments from workers and employers, and a decision would be taken after considering the views of both sides. If the proposal is cleared, the ministry would urge the finance ministry to hike the tax-free gratuity limit to Rs 10 lakh, government sources said.

So until the proposal is passed , you might not be eligible. Even if it is passed, it depends upon from which date it is applicable. So your employer is likely to deduct tax at source. In case you become eligible, you might have to file your return and get a refund.
Answered by RANJAN KARNAD, 07 Jan '09 06:24 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
2.

May b !!!
Answered by yusuf syed, 06 Jan '09 11:02 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
3.

From which date it implemented? If you are in payroll then sure you get it.
Answered by Ashish, 06 Jan '09 10:51 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining