Tax Free Limit of Gratuity is being increased from Rs. 10
Lakh to Rs. 20 Lakh. But what about other demands by Unions like abolishing the
5 years of continue service, minimum 10 employees in organisation, revising the
formula from 15 days in 26 days month to 30 days months for a year etc. If it
happens, No doubt it would be one of the biggest labour law reforms in years.
On the one hand Govt is reducing corporate income tax rates, on the other ways,
creating such provisions for companies to pay more in other forms. Like “Men
will be Men” Commercial, Yeh to Kahna Banta hai, “Govt will be Govt”. Thanks.
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