1. Question on Gratuity
Sir, what is gratuity, according to new rules now gratuity raises from 10 lakhs to 20 lakhs. What is this please clear, kya ab govt 20 lakhs pay kregi the time of retirement
Reply
Limits of gratuity increased. But it will be given as per eligibility of your service and pay basic pay. It is not given 20 lakhs for all.
2. Question on Income Tax
How much tax amount deduct from my blance due, when i take vrs from central government job after doing my 27yrs. Of job. Which amount is taxable.
Reply
There’s no tax deductible for retirement amounts. If your basic pay (upto retirement) & pension is more than 5 lakhs for the total amount in the next financial year, bank will deduct as per the income tax rules.
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