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GRATUITY ACT AMENDMENT
Lost job for misconduct? PSU bank employees may still be eligible for pension; check Bipartite Settlement and eligibility rulesPublic sector bank employees dismissed for misconduct can still receive their pension. This is due to Bipartite Settlement rules that allow...- Gratuity may rise under New Labour Code, but your income tax bill could tooThe Code on Social Security, 2020 expands the wage base for gratuity, potentially increasing payouts, but tax rules under the Income-tax Ac...
- Providing up to Rs 20 lakh gratuity mandatory for all CPSEs from this date: Finance Ministry clarifies rulesThe Department of Public Enterprises has clarified gratuity rules for Central Public Sector Enterprise employees. A Rs 20 lakh gratuity pay...
- Doubling tax-free gratuity limit to Rs 20 lakh to benefit PSU, pvt sector employees: Finance MinisterFinance Minister Arun Jaitley said Tuesday the decision to double tax-free gratuity limit to Rs 20 lakh will benefit public and private sec...
- Tax-free gratuity ceiling raised to Rs 20 lakh for private sector employeesThe notification follows changes in the Payment of Gratuity Act which had empowered the government to fix the ceiling of the retirement ben...
- Parliament passes Gratuity BillMinister of State (Independent Charge), Labour and Employment Santosh Gangwar moved the Bill for passage in the Rajya Sabha soon after the ...
- Parliament passes bill that lets govt double tax-free gratuity to Rs 20 lakhThe ceiling of tax-free gratuity stands enhanced to Rs 20 lakh from existing Rs 10 lakh for employee under the Payment of Gratuity Act.
- Lok Sabha passes bill to enable govt to double tax-free gratuity to Rs 20 lakhThe amendment will allow govt to enhance the ceiling of tax-free gratuity to Rs 20 lakh from existing Rs 10 lakh for employee under the Pay...
- Tax free Rs 20 lakh gratuity for employees may be a reality soonThe Gratuity Amendment Bill is likely to be passed in the forthcoming Budget session, which will make formal sector workers eligible for ta...
- How to calculate taxable portion of gratuityCurrently, maximum tax-exempt gratuity is Rs 10 lakh. The government has tabled the Payment of Gratuity (Amendment) Bill, 2017 to raise the...
- Bill to increase maternity leave period & gratuity limit tabled in Lok SabhaThe gratuity limit for private sector is expected to be raised to Rs 20 lakh in line with that in the government sector.
- Bill floated in Lok Sabha to amend Payment of Gratuity ActGovt to notify the period of maternity leave and gratuity that can be availed by employees under a central law
- Centre clears bill to double tax-free gratuity to Rs 20 lakhConsidering inflation and wage increase in the case of private sector employees, the government is of the view that the gratuity entitlemen...
- Bill to double tax-free gratuity to Rs 20L in monsoon sessionBesides, the bill to amend the Payment of Gratuity Act also seeks to enable the central government to change the ceiling for tax-free gratu...
- Cabinet nod likely to double gratuity cap to Rs 20 lakh"The bill to amend the Payment of Gratuity Act is likely to be considered and approved by the Union Cabinet in its meeting," a source said.
- Tax-free limit for gratuity hiked to Rs 20 lakhPresently, an employee with at least five years of continuous service is eligible to get gratuity, which forms part of the overall salary p...
- Government looking at overhaul of social security laws; may consolidate private sector employee benefitsPrivate sector workers need not stay on in their jobs for fear of losing gratuity benefits and working women can look forward to six months...
- Bill to raise gratuity ceiling to Rs 10 lakhA 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 t...
- LS took just 13 minutes to pass 3 billsAmid opposition uproar over price rise, Lok Sabha passed three bills within just 15 minutes by voice vote.
- Teachers to get Gratuity benefitsCollege and school teachers will soon be eligible for gratuity benefits after Parliament amends the Payment of Gratuity Act.
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