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Centre clears bill to double tax-free gratuity to Rs 20 lakh
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Centre clears bill to double tax-free gratuity to Rs 20 lakh
The Centre today approved an amendment bill that seeks to double tax-free gratuity for formal sector employees to Rs 20 lakh.
“The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to introduction of the Payment of Gratuity (Amendment) Bill, 2017, in Parliament,” an official statement said.
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