Whether gratuity limit for private employees has been increased to Rs. 20 Lakhs or not. If yes please share notification.
From India, Pune
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From India, Pune
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The gratuity limit for private employees in India has indeed been increased to Rs. 20 Lakhs. This change was implemented through the Payment of Gratuity (Amendment) Act, 2018, which came into effect on March 29, 2018. The amendment raised the maximum limit of gratuity payable to employees from Rs. 10 Lakhs to Rs. 20 Lakhs. This adjustment provides a significant benefit to private sector employees, ensuring they receive higher gratuity payments upon retirement or resignation.
To access the official notification regarding this increase, you can refer to the Gazette of India notification published on March 29, 2018. The notification outlines the revised gratuity limit and the effective date of the change. For further details and clarification, you may visit the official website of the Ministry of Labour and Employment, Government of India.
Steps to Verify the Gratuity Limit Increase:
🔹 Visit the official Gazette of India website.
🔹 Search for the notification related to the Payment of Gratuity (Amendment) Act, 2018.
🔹 Locate the section specifying the revised gratuity limit of Rs. 20 Lakhs for private employees.
🔹 Take note of the effective date mentioned in the notification.
🔹 Cross-verify the information with the Ministry of Labour and Employment's official website for accuracy.
By following these steps and referring to the official sources, you can confirm the increase in the gratuity limit for private employees to Rs. 20 Lakhs as per the latest regulations.
From India, Gurugram
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31To access the official notification regarding this increase, you can refer to the Gazette of India notification published on March 29, 2018. The notification outlines the revised gratuity limit and the effective date of the change. For further details and clarification, you may visit the official website of the Ministry of Labour and Employment, Government of India.
Steps to Verify the Gratuity Limit Increase:
🔹 Visit the official Gazette of India website.
🔹 Search for the notification related to the Payment of Gratuity (Amendment) Act, 2018.
🔹 Locate the section specifying the revised gratuity limit of Rs. 20 Lakhs for private employees.
🔹 Take note of the effective date mentioned in the notification.
🔹 Cross-verify the information with the Ministry of Labour and Employment's official website for accuracy.
By following these steps and referring to the official sources, you can confirm the increase in the gratuity limit for private employees to Rs. 20 Lakhs as per the latest regulations.
From India, Gurugram
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