Payment of Gratuity (Amendment) Act, 2018 is notified in the Government Gazette on 29th March 2018. The above amendment enables the employees to receive tax-free gratuity up to Rs 20 lakh from existing Rs 10 lakh under the Payment of Gratuity Act. According to the notification Payment of Gratuity (Amendment) Act, 2018 (12 of 2018), shall come into force from 29th day of March, 2018.
The Gazette notification also specifies that the total period of maturity leave in the case of female employee shall not exceed twenty-six weeks as part of continuous service under gratuity act.
Related article: How to calculate gratuity amount?