Any gratuity amount in excess of the above limit of ₹20 lakhs will be taxable as income under the head ‘Income from Salary’. What Is the Maximum Gratuity Limit in India? The maximum gratuity limit in India is currently ₹20 lakhs, as per the Payment of Gratuity (Amendment) Act, ...
Find Business Support International Payroll & HR Solutions ThePayment of Gratuity (Amendment) Act, 2018enables the government to raise the limit of tax-free gratuity. The change can be made through an executive order by the prime minister. On February 1, 2019, India’s interim budget hiked the...