Dear All,
The Payment of Gratuity (Amendment) Bill, 2010 has been introduced in the Lok Sabha. The Payment of Gratuity Act 1972 provides for the payment of gratuity to employees engaged in industries including mines, oilfields, plantations, shops, factories, amongst others. This Amendment Bill proposes to raise the ceiling of gratuity to be paid from the present level of Rs. 3.5 lakh to Rs. 10 lakh.
Stage Date
Introduction Apr 22, 2010
Lok Sabha Introduced
Rajya Sabha Pending
NB: This data is collected from the internet/other HR Group and posted here to spread this message.
Regards,
Debajyoti
From India
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3The Payment of Gratuity (Amendment) Bill, 2010 has been introduced in the Lok Sabha. The Payment of Gratuity Act 1972 provides for the payment of gratuity to employees engaged in industries including mines, oilfields, plantations, shops, factories, amongst others. This Amendment Bill proposes to raise the ceiling of gratuity to be paid from the present level of Rs. 3.5 lakh to Rs. 10 lakh.
Stage Date
Introduction Apr 22, 2010
Lok Sabha Introduced
Rajya Sabha Pending
NB: This data is collected from the internet/other HR Group and posted here to spread this message.
Regards,
Debajyoti
From India
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It is said that the increase of Grat.from 3.50 to 10L means that there is no Income Tax for the amount received upto a million!
From India, Bangalore
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From India, Bangalore
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Yesterday ( 05/05/2010), This bill was get passed in Rajya Sabha by Voice Voting. waiting for the more deatils. Regards Debajyoti
From India
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From India
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Dear Karajgi,
Please find attached herewith the copy of the notification dated 31.12.2009, by virtue of which teachers have also become eligible to receive gratuity amount under the Payment of Gratuity Act, 1972.
With Regards,
R.N. Khola
Sir,
Where can I get the bill extending the gratuity benefit to teachers of private institutions?
Karajgi
From India, Delhi
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Please find attached herewith the copy of the notification dated 31.12.2009, by virtue of which teachers have also become eligible to receive gratuity amount under the Payment of Gratuity Act, 1972.
With Regards,
R.N. Khola
Sir,
Where can I get the bill extending the gratuity benefit to teachers of private institutions?
Karajgi
From India, Delhi
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Dear All,
We recently had one employee retire from the services of the company after completing 30 years of service. In regards to his gratuity, the full basic and DA were taken into consideration and accordingly calculated. However, at the time of payment, our corporate office deducted Rs. 10,000 from Rs. 6.29 lakhs towards tax. The employee is disputing this deduction, stating that gratuity is exempted from tax up to Rs. 10,00,000. Please shed some light on this matter.
Regards,
Mailni
From India, Bangalore
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We recently had one employee retire from the services of the company after completing 30 years of service. In regards to his gratuity, the full basic and DA were taken into consideration and accordingly calculated. However, at the time of payment, our corporate office deducted Rs. 10,000 from Rs. 6.29 lakhs towards tax. The employee is disputing this deduction, stating that gratuity is exempted from tax up to Rs. 10,00,000. Please shed some light on this matter.
Regards,
Mailni
From India, Bangalore
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Dear All, Can anyone please clarify on my doubt wrt gratuity tax calculation ?? regards..Malini
From India, Bangalore
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From India, Bangalore
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Dear Praveen,
We are required to abide by the law relating to the Payment of Gratuity, and hence we are not in a position to opt for an amount less than the prescribed maximum limit of Rs. 10 Lakhs.
Regards,
R.N. Khola
From India, Delhi
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We are required to abide by the law relating to the Payment of Gratuity, and hence we are not in a position to opt for an amount less than the prescribed maximum limit of Rs. 10 Lakhs.
Regards,
R.N. Khola
From India, Delhi
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Dear Debajyoti, You have shared Important Msg to us. Please keep updated further move Ragards, A.Ramyesh Khumar
From India, Madras
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From India, Madras
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