Gratuity

Now Tax-free Gratuity limit is increased to 20L and Maternity leave period can be of 26 Weeks: Parliament passes the bill

Parliament passed the bill which increases the limit of tax-free gratuity amount. Earlier it was 10L and now it is increased to 20L. This bill allows the government to increase the limit without amending in law. The amendment to the payment of gratuity law comes in the backdrop of Maternity Benefit (Amendment) Act, 2017 enhancing […]

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Tax

TDS SCAM : 447 Companies made scam of ₹ 3200 Crore | Employees will also suffer

Income tax department has unveiled a new scam of more than ₹3200 Crore. Just after few weeks of the multi-billion scam of Punjab National Bank which shook the nation, now there is TDS Scam. TDS (Tax Deducted at Source) wing of Income tax department could notice the wrongdoings of 447 companies, in verification survey carried […]

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