Gratuity

Gratuity tenure likely to be reduced from five to three years

Gratuity tenure likely to be reduced from five to three years

The proposal to make amendments to the Payment of Gratuity Act of 1972 seeks to lower the five-year service period for gratuity eligibility to three years.

Apr 05, 2018, 14:22 PM IST
Bill to amend Payment of Gratuity Act provisions introduced in Lok Sabha

Bill to amend Payment of Gratuity Act provisions introduced in Lok Sabha

According to the Statement of Objects and Reasons of the bill, the amendment would allow the central government to notify the maternity leave period for "female employees as deemed to be in continuous service in place of existing twelve weeks".

Dec 18, 2017, 15:30 PM IST
Centre approves bill to tax-free gratuity to Rs 20 Lakh: Here are 10 key points

Centre approves bill to tax-free gratuity to Rs 20 Lakh: Here are 10 key points

The Amendment will increase the maximum limit of gratuity of employees, in the private sector and in Public Sector Undertakings/ Autonomous Organizations under Government who are not covered under CCS (Pension) Rules, at par with Central Government employees.

Sep 12, 2017, 20:57 PM IST
Cabinet approves Bill to double tax-free gratuity ceiling to Rs 20 lakh

Cabinet approves Bill to double tax-free gratuity ceiling to Rs 20 lakh

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for introduction of the Payment of Gratuity (Amendment) Bill, 2017 in the Parliament.

Sep 12, 2017, 17:34 PM IST
EPFO meet to discuss hike in ETF investment to 15%: Bandaru Dattatreya

EPFO meet to discuss hike in ETF investment to 15%: Bandaru Dattatreya

Labour Minister Bandaru Dattatreya on Monday said the board of retirement fund body EPFO will deliberate on raising investment limit in exchange traded funds (ETFs) to 15 per cent at its meeting later this month.

May 15, 2017, 23:43 PM IST
EPFO should provide unemployment insurance, gratuity: Panel

EPFO should provide unemployment insurance, gratuity: Panel

A Parliamentary panel has recommended amendments in social security schemes run by retirement fund body EPFO to include unemployment insurance and gratuity benefits.

Apr 11, 2017, 19:46 PM IST
Cabinet nod likely to double gratuity cap to Rs 20 lakh

Cabinet nod likely to double gratuity cap to Rs 20 lakh

The proposed amendment is being brought to bring the maximum ceiling amount to Rs 20 lakh in line with the 7th Central Pay Commission's recommendations as accepted by the government.

Mar 15, 2017, 09:01 AM IST
Gratuity ceiling for private sector employees to be raised to Rs 20 lakh

Gratuity ceiling for private sector employees to be raised to Rs 20 lakh

Formal sector workers may soon be eligible for up to Rs 20 lakh tax-free gratuity as central trade unions have agreed on the proposal in a tripartite consultation with the Labour Ministry.

Feb 23, 2017, 20:50 PM IST
7th Pay Commission: Gratuity ceiling doubled to Rs 20 lakh

7th Pay Commission: Gratuity ceiling doubled to Rs 20 lakh

The Union Cabinet on Wednesday approved the pay panel recommendation of doubling ceiling of gratuity from Rs 10 lakh to Rs 20 lakh.

Jun 29, 2016, 14:53 PM IST
How well have you planned for your post-retirement phase?

How well have you planned for your post-retirement phase?

Individuals in the country need to make well directed efforts towards their financial planning and explore the opportunities to invest in such products that offer guaranteed returns for a long duration of time.

Dec 11, 2015, 15:32 PM IST

`Teacher is an employee and entitled to gratuity`

Bombay High Court has ruled a teacher is an employee and is entitled to service benefits like gratuity.

Feb 29, 2012, 21:36 PM IST

Provident fund, gratuity cannot be attached: Court

An employee`s provident fund and gratuity cannot be attached under any decree in settlement of any debt or liability, the Gujarat High Court has held in an order made available on Saturday.

Feb 12, 2011, 13:19 PM IST

Gratuity limit hike to Rs 10 lakh gets Parl nod

Parliament on Wednesday approved enhancing
the gratuity limit for employees from Rs 3.5 lakh to Rs 10
lakh as also the exemption threshold from income tax on it.

May 05, 2010, 20:48 PM IST

Bill to raise gratuity ceiling to Rs 10 lakh

A bill to raise the ceiling of gratuity for employees to Rs 10 lakh from the current level of Rs 3.5 lakh was introduced in the Lok Sabha on Thursday.

Apr 22, 2010, 15:03 PM IST

Gratuity for pvt sector employees raised to Rs 10 lakh

Bringing cheers for thousands
of private sector employees, the government today approved
raising the ceiling for payment of gratuity to them from Rs
3.5 lakh to Rs 10 lakh.

Mar 04, 2010, 21:07 PM IST

Govt to raise gratuity ceiling for pvt sector employees

After bringing teachers under the Payment of Gratuity Act, the Government is now proposing to raise the ceiling for payment of gratuity to private sector employees from Rs 3.5 lakh to Rs 10 lakh.

Jan 07, 2010, 19:24 PM IST

Gratuity a statutory right of employees: SC

The Supreme Court has ruled that
gratuity is a statutory right of employees which cannot be
denied to them on the ground that they are being given
provident fund and pension benefits.

Jan 01, 2010, 20:37 PM IST