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Friday 30 March 2018

Glad to bring the graduate to the salaried class

Glad to bring the graduate to the salaried class
The government has made the limit of tax-free graduation for private sector up to Rs 20 lakh. In this regard, a notification has been issued on Thursday. The notification has been announced after the change in the Graduate Payments Act. In this regard, the bill was passed in Parliament in the last few days. In this modified law, the government has been given the right to determine the extent of profits by the Service Provisional Administrative Order.
In this amendment passed in Parliament this month, the government's maternal maternity leave has given the right to decide the deadline. According to this, the Center has fixed Maternity Leave for women workers in 26 weeks. After the implementation of the recommendations of Seven Pay Commission Commission, the tax-free grants limit for the Central Government employees is Rs. From 10 lakh to 20 lakhs has been made.
The Labor Organization is trying to include this change in the Graduate Payment Act. After working up to five years or more in the organized sector, the employee is entitled to retirement or retirement tax free up to ten lakh rupees for a graduate. After research in law, they will be entitled to tax free tax of up to 20 lakh rupees. This law applies to employees who have given continuous service in any repository for at least five years where 10 or more employees are working.
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