Clarification on Payment of Gratuity to the CPSEs Employees No.W-02/0036/2018-DPE (WC)-GL-XIX/18 Government of India Ministry of Heavy Industries & Public Enterprises Department of Public Enterprises Public Enterprises Bhawan, Block No.14, CGO Complex, Lodhi Road, New Delhi-110003. Dated, the 10th July, 2018 OFFICE MEMORANDUM Subject:- Payment of Gratuity to the employees of CPSEs – Clarification – […]
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Gratuity
Brief on Payment of Gratuity (Amendment) Act, 2018
Brief on Payment of Gratuity (Amendment) Act, 2018 ” Representatives are requesting to this Ministry that the effective date of Payment of Gratuity (Amendment) Act, 2018 will 01.01.2016 instead of 29.03.2018 at par with the Central Government employees’ 1. The Payment of Gratuity (Amendment) Bill, 2018 has been passed the 14th Sabba Sabha on 15.03.2018 and […]
Enhancement of ceiling of the payment of Gratuity to the employees of CPSEs
Enhancement of ceiling of the payment of Gratuity to the employees of CPSEs No.W-02/0020/2018-DPE (WC)GLXII/18 Government of India Ministry of Heavy Industries & Public Enterprises Department of Public Enterprises Public Enterprises Bhawan, Block No.14, CGO Complex, Lodhi Road, New Delhi-110003. Dated, the 11th April, 2018 OFFICE MEMORANDUM Subject- :-Amendment in the Payment of Gratuity Act, […]
Enhancement of Gratuity Limit
Enhancement of Gratuity Limit The Government has issued Notification the same day wherein gratuity limit has been increased from Rs.10 lakhs to Rs.20 lakhs under the Payment of Gratuity Act, 1972. The Government has also issued another Notification on the same day wherein it has also increased the maximum period of maternity leave in case of female employees […]
Payment of Gratuity (Amendment) Act, 2018 brought in force on 29th March, 2018
Payment of Gratuity (Amendment) Act, 2018 brought in force on 29th March, 2018 Decision:The Payment of Gratuity (Amendment) Bill, 2018 has been passed by Lok Sabha on 15th March, 2018 and by the Rajya Sabha on 22nd March, 2018, has been brought in force on 29th March, 2018. Background: The Payment of Gratuity Act, 1972 applies to establishments employing […]
Payment of Gratuity Amendment Bill: Who Benefits, Income Tax Implications And Other Details
Payment of Gratuity Amendment Bill: Who Benefits, Income Tax Implications And Other Details Payment of Gratuity (Amendment) Bill, 2018 ensures harmony among employees in private sector and public sector undertakings In a huge benefit to millions of private sector employees, Parliament recently approved the Payment of Gratuity (Amendment) Bill, 2018. After implementation of the Seventh […]
Gratuity boost — what it means for you
Gratuity boost — what it means for you Parliament passing the Payment of Gratuity (Amendment) Bill is sweet news for employees in the private sector. With this, the maximum limit on gratuity payment for private sector employees has been doubled from ₹10 lakh to ₹20 lakh — in line with the benefit provided to government employees in […]
Payment of Gratuity (Amendment) Bill, 2018 passed by Parliament
Payment of Gratuity (Amendment) Bill, 2018 passed by Parliament The Payment of Gratuity (Amendment) Bill, 2018 has been passed by parliament today.The bill ensures harmony amongst employees in the private sector and Public Sector Undertakings/Autonomous Organizations under Government who are not covered under CCS (Pension) Rules. These employees will be entitled to receive higher amount […]
7th Pay Commission: Gratuity Ceiling To Leap From Rs 10 Lakh To Rs 20 Lakh
7th Pay Commission: Gratuity Ceiling To Leap From Rs 10 Lakh To Rs 20 Lakh After implementation of the 7th Central Pay Commission, the ceiling of gratuity amount for central government employees has been increased from Rs 10 lakh to Rs 20 lakh. Meanwhile, the government on Monday introduced a bill in the Lok Sabha […]
Gratuity Rules: How Gratuity Is Calculated, Tax-Free Limit And Other Details
Gratuity Rules: How Gratuity Is Calculated, Tax-Free Limit And Other Details According to current rules, an employee becomes eligible to claim gratuity benefit only if he/she has rendered five years of continuous service in the organisation. The Union Cabinet chaired by the Prime Minister Narendra Modi in a meeting on September 12 approved the introduction […]