A viral X post contrasted a smooth exit from a global firm with a friend's difficult experience at an Ind ...More

A viral X post contrasted a smooth exit from a global firm with a friend's difficult experience at an Indian employer, sparking debate on salary delays and settlement practices. The comparison highlights perceived inconsistencies in HR processes between multinational corporations and domestic companies, impacting employee trust. ...Less

Retired railway employees are urging the 8th Pay Commission to implement one rank one pension. They also ...More

Retired railway employees are urging the 8th Pay Commission to implement one rank one pension. They also demand a revision of basic pay and increments to combat inflation. The association seeks improved allowances, welfare benefits, and retirement provisions. ...Less

The Supreme Court has ordered the Uttar Pradesh government and the Centre to finalize four ongoing discip ...More

The Supreme Court has ordered the Uttar Pradesh government and the Centre to finalize four ongoing disciplinary actions against former IPS officer Amitabh Thakur. These proceedings must be concluded within six months. Thakur, who was compulsorily retired in 2021, claims these inquiries have been prolonged for a decade. His retiral dues remain unpaid. ...Less

The Centre has announced significant support for families affected by the Vizag Steel Plant accident. Ex ...More

The Centre has announced significant support for families affected by the Vizag Steel Plant accident. Ex gratia compensation of Rs 25 lakh will be given to each deceased worker's family. Permanent employment will be provided to one family member. Injured workers will receive Rs 10 lakh for severe injuries. The government assures commitment to employee welfare and plant revival. ...Less

A viral Reddit debate over north American tipping culture took a dramatic turn after one diner claimed a ...More

A viral Reddit debate over north American tipping culture took a dramatic turn after one diner claimed a waitress mocked his 15% gratuity by calling him “Mr Cheap” as he walked away. The customer immediately removed the tip, demanded the manager, and taught the waitress a lesson, reigniting arguments over entitlement and restaurant wages in North America. ...Less

India's income tax administration has become increasingly data-driven, with information from TDS/TCS repo ...More

India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sources being integrated into the Annual Information Statement (AIS) and used to cross-check taxpayer disclosures. In this environment, filing an accurate and complete ITR is essential to avoid refund delays, tax demands, penalties, compliance alerts and notices. ...Less

ITR Filing 2026-27: Salaried employees can claim tax exemption on leave encashment at retirement. While g ...More

ITR Filing 2026-27: Salaried employees can claim tax exemption on leave encashment at retirement. While government employees enjoy full exemption, private sector employees have a limit of Rs 25 lakh, subject to specific calculations based on earned leave and salary. This income is reported under 'Income from Salary' in the ITR. ...Less

India's new labour laws promise easier business operations ahead. However, companies face a complex trans ...More

India's new labour laws promise easier business operations ahead. However, companies face a complex transition period. Navigating different state and central rules will require careful planning. Businesses are modernizing their systems to comply. This shift aims for better transparency and social security for workers. ...Less

Railway technical supervisors have put forward significant demands to the 8th Pay Commission. Key proposa ...More

Railway technical supervisors have put forward significant demands to the 8th Pay Commission. Key proposals include a Rs 52,000 minimum salary and multiple fitment factors. They also seek higher House Rent Allowance rates and the inclusion of training periods for MACP calculations. The association aims for these suggestions to be part of the commission's recommendations. ...Less

Delhi Gymkhana Club employees received assurances their jobs are secure. The club management stated it wi ...More

Delhi Gymkhana Club employees received assurances their jobs are secure. The club management stated it will not close immediately. This comes after the government directed the club to vacate its Lutyens' Delhi premises by June 5. Employees expressed anxiety over their livelihoods. Legal and administrative efforts are underway to protect staff interests. The club is challenging the directive in court. ...Less

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Young earners today face a stark reality. Unlike their parents, they likely won't have pensions. With lon ...More

Young earners today face a stark reality. Unlike their parents, they likely won't have pensions. With longer life expectancies, saving for retirement is crucial. Chartered Accountant Nitin Kaushik highlights that delaying investments by even a decade significantly reduces future wealth. He urges immediate action, emphasizing that compounding works best over long periods for financial security. ...Less

Retiring soon and aiming for a Rs 1 lakh monthly income from your PF and gratuity corpus? Experts advise ...More

Retiring soon and aiming for a Rs 1 lakh monthly income from your PF and gratuity corpus? Experts advise against investing the entire corpus in income products due to inflation and longevity risks. A prudent bucket strategy is recommended for sustainable income and portfolio growth. ...Less

New labour code provisions are now effective across India from November 21, 2025. Employee benefits like ...More

New labour code provisions are now effective across India from November 21, 2025. Employee benefits like faster full and final payments and annual leave encashment are already applicable. Companies must comply with these changes even without state government notifications. This update impacts salary calculations and statutory dues for employees nationwide. ...Less

Appraisal season this year saw companies begin aligning salary structures with new labour codes and updat ...More

Appraisal season this year saw companies begin aligning salary structures with new labour codes and updated income tax rules. While some firms implemented changes from April, broader adoption remains gradual. Higher basic pay and social security contributions may reduce take-home salaries despite hikes. The choice between old and new tax regimes now depends on deductions, HRA claims and paperwork readiness. ...Less

A Reddit post about a tense tipping experience at a NYC diner has gone viral after a customer claimed a w ...More

A Reddit post about a tense tipping experience at a NYC diner has gone viral after a customer claimed a waitress mocked their water order, vanished during service, and pushed preset tip options during payment. The story has reignited online debate around restaurant etiquette, rude service, and growing frustration with digital tipping culture. ...Less

The recent notification of the Social Security (Central) Rules, 2026 under the Code on Social Security, 2 ...More

The recent notification of the Social Security (Central) Rules, 2026 under the Code on Social Security, 2020 marks a significant shift in India’s wage and social security compliance framework. As the expanded definition of “wages” increases social security liabilities, many employers may consider restructuring salary structures to manage rising costs. However, section 124 of the Code places an important restriction on such measures by prohibiting employers from reducing employee wages or benefits to offset these additional liabilities. ...Less

Enhanced tax-free allowances under the Income-Tax Rules, 2026 can improve employees’ take-home pay. Howev ...More

Enhanced tax-free allowances under the Income-Tax Rules, 2026 can improve employees’ take-home pay. However, the expanded definition of “wages” under the Code on Social Security, 2020 may increase gratuity and other social security liabilities. While restructuring may benefit employees, it can also raise long-term costs for employers, creating a clear dilemma and limiting widespread adoption. ...Less

Maharashtra's Revised NPS scheme offers assured pensions for state employees joining by December 2026. Th ...More

Maharashtra's Revised NPS scheme offers assured pensions for state employees joining by December 2026. Those with 20 years' service get 50% of last salary, while a minimum Rs 7,500 monthly pension is guaranteed for 10 years. ...Less

The new labour code (Code on Wages) has given employers an option to conduct four days work week with thr ...More

The new labour code (Code on Wages) has given employers an option to conduct four days work week with three days fixed days off for employees. However, note that this is optional and there are certain conditions which employees and employers both need to follow before moving with four days work-week. ...Less

UAE end-of-service gratuity calculations are clarified. The payout is based solely on an employee's basic ...More

UAE end-of-service gratuity calculations are clarified. The payout is based solely on an employee's basic salary. However, the total amount received is limited to two years of the employee's overall salary. This includes all allowances and benefits. Workers with less than one year of service receive no gratuity. ...Less

Salaried employees are yet to see benefits from the new labour codes due to delayed state-level implement ...More

Salaried employees are yet to see benefits from the new labour codes due to delayed state-level implementation. While some aspects like ESI coverage are changing, the full impact on in-hand salary, particularly PF contributions, is pending. Employers are strategizing transitions, with changes often linked to annual reviews rather than immediate pay slips. ...Less

Tata Motors recently offered a voluntary retirement scheme to its employees. This initiative was a respon ...More

Tata Motors recently offered a voluntary retirement scheme to its employees. This initiative was a response to demands from worker unions. The scheme targeted permanent staff aged 40 to 55. It provided flexible compensation options and medical benefits. The company aimed for a leaner manufacturing footprint. ...Less

The Indian Railways Technical Supervisors’ Association (IRTSA) has submitted a memorandum to the 8th Pay ...More

The Indian Railways Technical Supervisors’ Association (IRTSA) has submitted a memorandum to the 8th Pay Commission demanding five distinct fitment factors for its technical staff, citing job complexities and hazards. It has also proposed a minimum basic pay of Rs 52,600, 5% annual increment, a promotional increment equivalent to two annual increments, and a separate CPI for calculating Dearness Allowance. ...Less

Capillary Technologies saw a strong financial performance with a 26% rise in operating revenue for the Ma ...More

Capillary Technologies saw a strong financial performance with a 26% rise in operating revenue for the March quarter. The company's profit after tax surged by 233%. This growth was fueled by expanding its customer base, securing new contracts, and integrating its recent Kognitiv acquisition. Capillary also highlighted its strategic partnership with a US retailer and its expanding global reach. ...Less

The Himachal Pradesh government has ordered the immediate release of the remaining 30 percent gratuity an ...More

The Himachal Pradesh government has ordered the immediate release of the remaining 30 percent gratuity and leave encashment arrears for Class-IV employees. These employees retired or died in service between January 1, 2016, and January 31, 2022. This move ensures that all such pending payments are now cleared. The government has already disbursed interim relief and dearness allowance installments. ...Less

Zen Technologies saw a significant drop in its March quarter performance. Net profit declined by 69% year ...More

Zen Technologies saw a significant drop in its March quarter performance. Net profit declined by 69% year-on-year, while revenue from operations fell by 45%. The company's profit after tax is attributable to its shareholders. Zen Technologies has declared a final dividend of Re 1 per share for FY26. ...Less

Syngene shares surged despite a 19% YoY decline in Q4FY26 net profit to Rs 148 crore, as earnings rebound ...More

Syngene shares surged despite a 19% YoY decline in Q4FY26 net profit to Rs 148 crore, as earnings rebounded sharply from Rs 15 crore in the previous quarter. The results included a Rs 20 crore gratuity credit and a Rs 25 crore exceptional loss from employee termination benefits, alongside management changes. ...Less

Salaried employees face uncertainty as new labor codes and tax rules loom. Companies are preparing for ch ...More

Salaried employees face uncertainty as new labor codes and tax rules loom. Companies are preparing for changes, but widespread implementation is delayed pending final government notifications. The shift towards a fixed-heavy salary structure, with higher basic pay, may reduce take-home salaries while boosting long-term retirement savings. ...Less

The employee body representing central government teachers from Union Territories is seeking significant ...More

The employee body representing central government teachers from Union Territories is seeking significant pay hikes in their salaries in the 8th Pay Commission. Pragatisheel Shikshak Nyaya Manch (PSNM) has submitted a memorandum demanding a minimum basic pay of Rs 50,000 for a Level 1 employee and a fitment factor up to 3.83. ...Less

Central government pensioners' rights are a key focus in the NC-JCM's 51-page memorandum for the 8th Pay ...More

Central government pensioners' rights are a key focus in the NC-JCM's 51-page memorandum for the 8th Pay Commission. Demands include a same fitment factor for employees and pensioners, increased gratuity to Rs 75 lakh, and the restoration of the Old Pension Scheme. The memorandum also calls for a reduced pension commutation period and expanded CGHS facilities. ...Less

The Code on Social Security, 2020 expands the wage base for gratuity, potentially increasing payouts, but ...More

The Code on Social Security, 2020 expands the wage base for gratuity, potentially increasing payouts, but tax rules under the Income-tax Act, 1961 and the Income-tax Act, 2025 still rely on basic pay plus DA. With the Payment of Gratuity Act, 1972 now subsumed, this mismatch could make part of the higher gratuity taxable—highlighting the need for alignment between labour and tax laws. ...Less

Public sector bank employees dismissed for misconduct can still receive their pension. This is due to Bip ...More

Public sector bank employees dismissed for misconduct can still receive their pension. This is due to Bipartite Settlement rules that allow for superannuation benefits even after removal from service. A Supreme Court ruling reinforced this, stating that employees with qualifying service are entitled to their pension and other retirement benefits. ...Less

Resigning from a job in FY 2025-26 and receiving salary arrears in FY 2026-27 can lead to a higher tax li ...More

Resigning from a job in FY 2025-26 and receiving salary arrears in FY 2026-27 can lead to a higher tax liability. To avoid this, taxpayers must now use the new Form 39 for Tax Year 2026-27, replacing the older Form 10E, to claim relief under Section 89(1) and ensure accurate tax calculation. ...Less

The increase in the tax-exempt limit for employer-provided meals to ₹200 per meal under Rule 15 of the In ...More

The increase in the tax-exempt limit for employer-provided meals to ₹200 per meal under Rule 15 of the Income-Tax Rules, 2026 marks a significant shift from the earlier ₹50 cap. However, the real issue lies not in the quantum of the benefit, but in the interpretation of the rule—particularly the condition that meals must be provided “during working hours. ...Less

Noida authorities are taking strong action against contractors. Licenses of 203 contractors are being can ...More

Noida authorities are taking strong action against contractors. Licenses of 203 contractors are being cancelled. Firms are being blacklisted for violating labor laws. Over Rs 1.16 crore in dues will be paid to workers. This follows recent labor unrest and a 21 percent wage hike implemented from April 1. Strict action will follow for any further violations. ...Less

DA hike for central government employees: A 2% hike in DA will take it from its current rate of 58% to 60 ...More

DA hike for central government employees: A 2% hike in DA will take it from its current rate of 58% to 60%. With this hike, dearness relief (DR) for pensioners has also been increased to 60%. The announcement is for January 2026 and central government employees and pensioners will get arrears from the back date. ...Less

The 'no tax on tips' rule made headlines across the US, raising hopes among service workers of major tax ...More

The 'no tax on tips' rule made headlines across the US, raising hopes among service workers of major tax relief. But the policy is not as simple as it sounds. While it offers some benefits, strict conditions, limits, and eligibility rules mean many workers may see little real impact from the much-publicized change. ...Less

IRS no tax on tips 2026 is trending fast. Up to $25,000 deduction is now possible. That is real money sav ...More

IRS no tax on tips 2026 is trending fast. Up to $25,000 deduction is now possible. That is real money saved. This rule applies to tax years starting 2025. Many tipped workers can benefit. Servers. Bartenders. Salon staff. Delivery workers. But not everyone qualifies. Income must stay under $150,000 single or $300,000 joint. Tips must be reported properly. No hidden cash allowed. This is not full tax-free income. Payroll taxes still apply. Yet federal tax savings can be huge. Thousands back in refunds. This IRS provision is reshaping worker income in 2026. ...Less

US workers wage rule April 24 2026 brings a sharp 14% pay jump as minimum wage rises from $10.50 to $12 i ...More

US workers wage rule April 24 2026 brings a sharp 14% pay jump as minimum wage rises from $10.50 to $12 in the U.S. Virgin Islands. This fresh wage rule directly boosts weekly income for thousands of low-paid workers. Many will earn over $3,000 more yearly. The change targets rising living costs and economic pressure. Employers must comply immediately or face fines. This US workers wage rule April 24 2026 sets a clear path toward $15 wages by 2028, strengthening worker income stability and local spending power. ...Less

8th pay commission NC-JCM memorandum: A minimum pay of Rs 69,000, fitment factor of 3.83, annual incremen ...More

8th pay commission NC-JCM memorandum: A minimum pay of Rs 69,000, fitment factor of 3.83, annual increment of 6%, merging 18 employee levels in the 7th Pay Commission into seven, minimum five promotions during service and restoring the Old Pension Scheme (OPS) are some of the 8th Pay Commission-related demands of the draft committee of National Council (Joint Consultative Machinery). ...Less

8th Pay Commission: The Eighth Central Pay Commission is actively recruiting consultants on a contractual ...More

8th Pay Commission: The Eighth Central Pay Commission is actively recruiting consultants on a contractual basis to bolster its research and analytical capabilities. Applications are open for Senior Consultants, Consultants, and Young Professionals, with specific experience and age criteria. ...Less

Oracle layoffs affected US employees severance package and benefits have become a major topic after repor ...More

Oracle layoffs affected US employees severance package and benefits have become a major topic after reports confirmed global job cuts. Thousands of workers received email notices that their roles were eliminated. Severance rules differ between the United States and India, with details emerging through reports and employee posts. Information includes salary weeks, bonuses, leave encashment, gratuity, and notice pay, while the company has not issued a full official statement about the layoffs. ...Less

Himachal Pradesh celebrated its 79th Day with enthusiasm. Chief Minister Sukhvinder Singh Sukhu announced ...More

Himachal Pradesh celebrated its 79th Day with enthusiasm. Chief Minister Sukhvinder Singh Sukhu announced significant welfare schemes and development projects. These include financial aid for women, geothermal heating systems, and infrastructure upgrades. The state is also focusing on border trade resumption and promoting tourism. Healthcare and education sectors are set for major reforms. ...Less

New Labour Law Salary Structure: Effective November 21, 2025, redefine "wages," impacting overtime, gratu ...More

New Labour Law Salary Structure: Effective November 21, 2025, redefine "wages," impacting overtime, gratuity, and retirement benefits. The Code on Wages clarifies that overtime allowance is part of the 50% wage calculation, while statutory contributions and gratuity are excluded. ...Less

A retired employee, Mr. Rao, has won a 13-year legal battle for unpaid salary and gratuity. The Andhra Pr ...More

A retired employee, Mr. Rao, has won a 13-year legal battle for unpaid salary and gratuity. The Andhra Pradesh High Court ruled that an employer's lack of funds is not a valid excuse for withholding statutory dues. The court directed the employer to pay the outstanding amount with 10% interest. ...Less

Gratuity payment: Supreme Court said employers can forfeit gratuity payments if the employee was dismisse ...More

Gratuity payment: Supreme Court said employers can forfeit gratuity payments if the employee was dismissed due to moral turpitude reason and it was proved in the company's own disciplinary committee hearing. Earlier based on a 2018 judgement precedent this dismissal for moral turpitude reason had to be proved in a court of law. With this decision, employers can now proceed with the forfeiture of gratuity without waiting for court to decide the cases. ...Less

In India, many employees who laid-off by their respective companies remain unaware of their legal rights. ...More

In India, many employees who laid-off by their respective companies remain unaware of their legal rights. The article clarifies notice periods, conditions for attending office post-layoff, and how severance packages are calculated for different employee categories. It also details entitled monetary benefits, bonus, variable pay, and ESOPs, advising employees to review settlement papers and understand their legal recourse if dues are denied. ...Less

The Department of Pension and Pensioners' Welfare has issued new guidelines on gratuity for government em ...More

The Department of Pension and Pensioners' Welfare has issued new guidelines on gratuity for government employees re-employed in civil services. The clarification addresses situations where individuals have already received gratuity for military service. It outlines conditions under which a separate gratuity for re-employment will not be granted. ...Less

Gratuity calculation in CTC: Gratuity is paid when an employee leaves the organisation after completing a ...More

Gratuity calculation in CTC: Gratuity is paid when an employee leaves the organisation after completing a minimum service period of five years. When an employee joins a new company, the gratuity is added to the CTC. However, not many are aware how this gratuity amount is calculated in the offer letter. ...Less

ITC Hotels shares are under scrutiny after GQG Partners sold a partial stake worth Rs 197 crore. Despite ...More

ITC Hotels shares are under scrutiny after GQG Partners sold a partial stake worth Rs 197 crore. Despite a 22% dip this year, driven by geopolitical tensions, the company's core hotel business shows growth in occupancy and pricing. Brokerages remain bullish, anticipating expansion and real estate revenue boosts, suggesting the recent stock fall is an overreaction. ...Less

GQG Partners sold shares worth Rs 197 crore in ITC Hotels amid a 20% stock correction. Despite short-term ...More

GQG Partners sold shares worth Rs 197 crore in ITC Hotels amid a 20% stock correction. Despite short-term weakness, steady hotel operations and real estate growth support a positive long-term outlook, with analysts maintaining buy ratings. ...Less

The Calcutta High Court has ruled that employers can deduct Rs 10 lakh from a retired employee's gratuity ...More

The Calcutta High Court has ruled that employers can deduct Rs 10 lakh from a retired employee's gratuity. This decision follows losses incurred by the company due to the employee's actions during his service. The court upheld the company's right to recover pecuniary losses. Disciplinary proceedings confirmed the employee's misconduct. ...Less

To calculate the gratuity amount you are eligible to receive, the last drawn salary will be considered. T ...More

To calculate the gratuity amount you are eligible to receive, the last drawn salary will be considered. The last drawn salary includes basic salary, dearness allowance, commission received on sales. ...Less

A former techie, once earning ₹40 lakh per annum salary, now drives a bike taxi to manage a ₹95,000 month ...More

A former techie, once earning ₹40 lakh per annum salary, now drives a bike taxi to manage a ₹95,000 monthly home loan EMI after losing his job. As per a viral video, his ₹1.4 crore flat, bought with confidence in his stable income, has become a source of immense stress. This stark reality highlights the vulnerability of professionals facing sudden job layoff. ...Less

New Labour Codes are set to increase gratuity payouts for many employees by redefining 'wage' to include ...More

New Labour Codes are set to increase gratuity payouts for many employees by redefining 'wage' to include allowances exceeding 50% of total payment. This change prevents employers from artificially lowering basic pay to reduce gratuity. Eligibility for fixed-term and contract workers has also been reduced to one year. ...Less

There are certain rules that make an employee eligible to receive gratuity before the age of retirement/s ...More

There are certain rules that make an employee eligible to receive gratuity before the age of retirement/superannuation or resignation of an employee. However, in the case of the death of an employee, the five-year rule is not applicable. Read on to know when is gratuity payable to an employee by the employer. ...Less

Starting November 21, 2025, gratuity calculations are changing. Fixed-term employees can now receive grat ...More

Starting November 21, 2025, gratuity calculations are changing. Fixed-term employees can now receive gratuity after one year. Wages will include more components, potentially increasing gratuity payouts. Permanent employees still require five years of service. This shift aims to redefine statutory benefits for many workers across India. ...Less

A retired state employee successfully challenged a Rs 2.2 lakh penalty imposed for claiming a higher grat ...More

A retired state employee successfully challenged a Rs 2.2 lakh penalty imposed for claiming a higher gratuity tax exemption. The Income Tax Appellate Tribunal ruled that the employee's claim, though incorrect, was based on a bona fide belief and all facts were disclosed. The tribunal deleted the penalty, citing no misreporting of income and extending immunity benefits. ...Less

By streamlining the old laws, the government has signalled its intent to align India’s regulatory framewo ...More

By streamlining the old laws, the government has signalled its intent to align India’s regulatory framework with the demands of a $5 trillion economy embedded with the needs of a modern, expanding and increasingly diverse workforce. The new Labour Codes seek to create both a ready workforce and a more predictable environment for business. ...Less

Oracle has initiated significant job cuts, impacting 30,000 employees worldwide. India sees 12,000 roles ...More

Oracle has initiated significant job cuts, impacting 30,000 employees worldwide. India sees 12,000 roles terminated. Severance packages are now a key focus. Indian employees receive 15 days' salary per year of service, plus other benefits. US employees are offered four weeks' salary for the first year, increasing by one week per subsequent year, up to 26 weeks. ...Less

New labor codes have sparked interest in gratuity rules, with fixed-term and contract workers now eligibl ...More

New labor codes have sparked interest in gratuity rules, with fixed-term and contract workers now eligible after one year of service. This change, however, does not extend to permanent employees, who still require five years of continuous service to qualify for gratuity benefits. ...Less

A bank employee's gratuity was wrongly withheld after she acted as a guarantor of someone else's loan and ...More

A bank employee's gratuity was wrongly withheld after she acted as a guarantor of someone else's loan and that person defaulted on the loan. The bank argued she was equally liable. However, the Odisha High Court ruled in her favor. The court stated gratuity is a deferred salary and cannot be forfeited. ...Less

Labour Code guidelines: India's new Labour Codes significantly reform social security, particularly gratu ...More

Labour Code guidelines: India's new Labour Codes significantly reform social security, particularly gratuity provisions. Fixed-term and contract employees now qualify for gratuity after just one year of service, a reduction from the previous five years. These changes aim to broaden worker protections and simplify eligibility across various sectors. ...Less

Here is a look at what the law states about, who can be nominated in case of gratuity, how the nomination ...More

Here is a look at what the law states about, who can be nominated in case of gratuity, how the nomination must be made and when a nominee will not be entitled to receive the gratuity proceeds. ...Less

Gratuity payment: Many employees who quit their jobs before five years of service think they cannot recei ...More

Gratuity payment: Many employees who quit their jobs before five years of service think they cannot receive a gratuity. However, even if they quit after working this long, they can still be eligible for gratuity. Know how long an employee should work before five years to receive gratuity payment. Know the rules to get gratuity before quitting your job. ...Less

Just another line item near depreciation and finance costs, with the real assumptions and calculations bu ...More

Just another line item near depreciation and finance costs, with the real assumptions and calculations buried deep in the notes. That is precisely why employee benefits can become an easy area for manipulation. This story attempts to unpack the nuances behind this seemingly ordinary expense line, show how it can be used to distort financial reality, and explain how investors can spot the difference. ...Less

Currently, maximum tax-exempt gratuity is Rs 10 lakh. The government has tabled the Payment of Gratuity ( ...More

Currently, maximum tax-exempt gratuity is Rs 10 lakh. The government has tabled the Payment of Gratuity (Amendment) Bill, 2017 to raise the limit to Rs 20 lakh. ...Less

As per the Payment of Gratuity Act 1972, an employee can receive gratuity only if he has completed at lea ...More

As per the Payment of Gratuity Act 1972, an employee can receive gratuity only if he has completed at least five years of continuous service with a company. ...Less

Tax-free gratuity limit for employees: The government has hiked the maximum amount of gratuity that a gov ...More

Tax-free gratuity limit for employees: The government has hiked the maximum amount of gratuity that a government employee can receive to Rs 25 lakh. The new limit is effective from January 1, 2024. However, not many are aware of the tax-exempt limit of gratuity for private sector and government employees. ...Less

Presently, an employee with at least five years of continuous service is eligible to get gratuity, which ...More

Presently, an employee with at least five years of continuous service is eligible to get gratuity, which forms part of the overall salary package. ...Less

Odisha CM Mohan Charan Majhi has increased the gratuity limit for state government employees from Rs 15 l ...More

Odisha CM Mohan Charan Majhi has increased the gratuity limit for state government employees from Rs 15 lakh to Rs 20 lakh, effective from January 1, 2024. This adjustment applies to Death-Cum-Retirement Gratuity (DCRG) and follows requests from various service associations, aligning with recent central government changes. ...Less

As per CTC rules, gratuity is a part of your salary. That means an employee, who leaves before completing ...More

As per CTC rules, gratuity is a part of your salary. That means an employee, who leaves before completing 5 years, is forced to give up a part of his salary. ...Less

DA hike impact: The Center's decision to increase its employees' dearness allowance by 4% to 50% has resu ...More

DA hike impact: The Center's decision to increase its employees' dearness allowance by 4% to 50% has resulted in significant revisions to other allowances, including retirement gratuity, which is a great benefit for government employees. ...Less

The ceiling of tax-free gratuity stands enhanced to Rs 20 lakh from existing Rs 10 lakh for employee unde ...More

The ceiling of tax-free gratuity stands enhanced to Rs 20 lakh from existing Rs 10 lakh for employee under the Payment of Gratuity Act. ...Less

The Department of Public Enterprises has clarified gratuity rules for Central Public Sector Enterprise em ...More

The Department of Public Enterprises has clarified gratuity rules for Central Public Sector Enterprise employees. A Rs 20 lakh gratuity payment is now mandatory for all CPSEs from March 29, 2018, regardless of their financial capacity. This change follows an amendment to the Payment of Gratuity Act, 1972. Earlier, affordability was a condition for certain employees. ...Less

Central government employees under the National Pension System (NPS) now have clarified eligibility for g ...More

Central government employees under the National Pension System (NPS) now have clarified eligibility for gratuity and death gratuity. Gratuity is payable upon completing five years of qualifying service and retiring under specific circumstances. Resignation generally forfeits past service and gratuity, with exceptions for technical resignations or absorption into government-controlled entities. ...Less

An employee is eligible to receive gratuity only if he has completed at least five years of continuous se ...More

An employee is eligible to receive gratuity only if he has completed at least five years of continuous service with an organisation without interruption. ...Less

Under current rules, an employee has to work for a company for five continuous years to be eligible for g ...More

Under current rules, an employee has to work for a company for five continuous years to be eligible for gratuity payment. According to reports, there is now a push in govt circles to cut the five-year criterion to a shorter period — between one and three years. ...Less

The Gratuity Amendment Bill is likely to be passed in the forthcoming Budget session, which will make for ...More

The Gratuity Amendment Bill is likely to be passed in the forthcoming Budget session, which will make formal sector workers eligible for tax free Rs 20 lakh gratuity. ...Less

Under the Payment of Gratuity Act, an employee is eligible for gratuity on the termination of his employm ...More

Under the Payment of Gratuity Act, an employee is eligible for gratuity on the termination of his employment after he has rendered continuous service for a minimum of five years. Gratuity is equivalent to 15 days of salary for each year an employee has spent in an organisation. ...Less

The amendment will allow govt to enhance the ceiling of tax-free gratuity to Rs 20 lakh from existing Rs ...More

The 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 Payment of Gratuity Act. ...Less

Proposed increase in tax free gratuity limit won't benefit bulk of employees immediately. Here's why. ...More

Proposed increase in tax free gratuity limit won't benefit bulk of employees immediately. Here's why. ...Less

The move is aimed to redress the issue of employees losing gratuity payments if they have not completed t ...More

The move is aimed to redress the issue of employees losing gratuity payments if they have not completed the mandatory ceiling of five years of employment. ...Less

Gratuity paid to government employees is exempt from tax and the tax-free limit for private employees is ...More

Gratuity paid to government employees is exempt from tax and the tax-free limit for private employees is Rs 20 lakh. ...Less

Considering inflation and wage increase in the case of private sector employees, the government is of the ...More

Considering inflation and wage increase in the case of private sector employees, the government is of the view that the gratuity entitlement should be revised. ...Less

n response to a petition filed by a former employee of HDFC Bank, the controlling authority in Kerala rul ...More

n response to a petition filed by a former employee of HDFC Bank, the controlling authority in Kerala ruled that the bank must include "personal pay" while calculating the petitioner's gratuity and not just his basic pay. This was because the employer had termed the component as "personal pay", not as a "personal allowance" - personal allowances are excluded while calculating gratuity payment. ...Less

Cos may be asked to create a separate fund for gratuity payments so that savings are not wiped out. ...More

Cos may be asked to create a separate fund for gratuity payments so that savings are not wiped out. ...Less

Besides, the bill to amend the Payment of Gratuity Act also seeks to enable the central government to cha ...More

Besides, the bill to amend the Payment of Gratuity Act also seeks to enable the central government to change the ceiling for tax-free gratuity after factoring in rise in income levels. ...Less

Finance Minister Arun Jaitley said Tuesday the decision to double tax-free gratuity limit to Rs 20 lakh w ...More

Finance Minister Arun Jaitley said Tuesday the decision to double tax-free gratuity limit to Rs 20 lakh will benefit public and private sector employees. ...Less

Central Government employees under the Unified Pension Scheme (UPS) now gain retirement and death gratuit ...More

Central Government employees under the Unified Pension Scheme (UPS) now gain retirement and death gratuity benefits up to Rs 25 lakh, as per the latest rules. This adds to the existing lump-sum payment within UPS, offering a double financial advantage. Read below to know how government employees can benefit from this new development. ...Less

"The bill to amend the Payment of Gratuity Act is likely to be considered and approved by the Union Cabin ...More

"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. ...Less

The latest enhancement of tax exemption limit on gratuity follows a government notification issued on Mar ...More

The latest enhancement of tax exemption limit on gratuity follows a government notification issued on March 29, 2018. ...Less

A bill to raise the ceiling of gratuity for employees to Rs 10 lakh from the current level of Rs 3.5 lakh ...More

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 today. ...Less

The notification follows changes in the Payment of Gratuity Act which had empowered the government to fix ...More

The notification follows changes in the Payment of Gratuity Act which had empowered the government to fix the ceiling of the retirement benefit through an executive order. ...Less

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Private companies in Karnataka must now partner with insurance firms and pay an annual premium towards gr ...More

Private companies in Karnataka must now partner with insurance firms and pay an annual premium towards gratuity obligations under the Karnataka Compulsory Gratuity Insurance Policy Rules, 2024. The regulation applies to companies with more than 10 employees and requires registration with the controlling authority under the Labour department. This regulation mandates compulsory insurance for gratuity payments as per the Payment of Gratuity Act, 1972. ...Less

A retired teacher in Pune, denied her gratuity after 25 years of service, sought intervention from the Bo ...More

A retired teacher in Pune, denied her gratuity after 25 years of service, sought intervention from the Bombay High Court. The court, referencing the Payment of Gratuity Act and a Supreme Court precedent, mandated immediate release of her gratuity with 10% annual interest for the delay. The court also directed expedited processing of her pension papers. ...Less

The gratuity limit for private sector is expected to be raised to Rs 20 lakh in line with that in the gov ...More

The gratuity limit for private sector is expected to be raised to Rs 20 lakh in line with that in the government sector. ...Less