Dear friends,
I am attaching copy of Payment of Gratuity Amendment Bill 2010 as introduced in Parliament on 22.4.2010 for your information. The Bill provides for increase in ceiling for gratuity from Rs.3.50 lacs to Rs.10 lacs.
Regards,
From India, Malappuram
1444I am attaching copy of Payment of Gratuity Amendment Bill 2010 as introduced in Parliament on 22.4.2010 for your information. The Bill provides for increase in ceiling for gratuity from Rs.3.50 lacs to Rs.10 lacs.
Regards,
From India, Malappuram
Additional Info Payment of Gratuity Act amended to include "TEACHER". Accordingly, Teacher are also eligible for Gratuity as per Act.
From India, Tiruchchirappalli
From India, Tiruchchirappalli
Yes, it is 100% authentic. We all know the working speed of govt. departments and hence no comments. But it is just a Bill. It will be effective from such date as may be notified by the govt. after it is converted into an Act.
From India, Malappuram
From India, Malappuram
Re: Gratuity Amendment Bill 2010 Thanks for useful information . can you provide me your emai id as i am also working in Aurangabad (Maharashtra) Shripad 9767400402
From India, Pune
From India, Pune
Your worry is as good as any one who retired after 1997. The date of last amendment was in 1997. Those who retired after more than 35 years of service could only get one third of the actual gratiuty. My proposals are (1) the payment of grauity act must be amended every five years
(2) just like pension the payment of gratuity must be proportionate to the year of service - with 30 years as full eligible service and any thing less in proportion to that. There is no point in fixing a cieling as years goes by. Since in the industrial sector there is no pension apart from the EPF pension and the bonus is limited to the rock bottom, gratuity is the only amount what an employee gets on super annuation.
Leons Augustin
From India, Thiruvananthapuram
(2) just like pension the payment of gratuity must be proportionate to the year of service - with 30 years as full eligible service and any thing less in proportion to that. There is no point in fixing a cieling as years goes by. Since in the industrial sector there is no pension apart from the EPF pension and the bonus is limited to the rock bottom, gratuity is the only amount what an employee gets on super annuation.
Leons Augustin
From India, Thiruvananthapuram
HI all
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From India, Chandigarh
good morning, I am looking job in HR at baddi, Chandigarh, Panchkula, Mohali, can anybody help me. Special request to seniors if they have requirement for their company pls Contact 9876978160,
From India, Chandigarh
Dear There is an error opening this file . The file is damaged & couln’t be repaired . please send the Payment of Gratuty amendment,2010 again ( the attached file ). thanks, ak sharma
From India, Pune
From India, Pune
I have not yet come across any news about amendment in gratuity Act enhancing the limit from 3.5 lac to 10 lac is approved by the parliament.Yes today 29th April 10 Finance Bill has been passed with one voice.Can any body tell me about approval of amendment in Gratuity Act?
From India, Delhi
From India, Delhi
Whether the Act has been passed. What is the effective date from which the new ceiling is applicable
From India, Madras
From India, Madras
HI there,
The bill was introduced and passed on the Lok Sabha on 3rd May 2010. But can anyone guess/imagine from which date onwards it will be effective? What could be the possibility of it getting effected with retospective effect from an earlier date?
Regards,
Rmcham
Please see the extract from LOK Sabha Bulletin part 1 on 3rd May 2010
2.35 P.M.
(ii) The Payment of Gratuity(Amendment) Bill, 2010
Time Taken: 3 mts.
The motion for consideration of the Bill was moved by Shri Mallikarjun Kharge.
The motion for consideration was adopted and clause-by-clause consideration of the Bill was taken up.
Clause 2 was adopted.
Clause 1 was adopted.
The Enacting Formula and the Long Title were also adopted.
The motion that the Bill be passed was moved by Shri Mallikarjun Kharge.
The motion was adopted and the Bill was passed.
From India, Kochi
The bill was introduced and passed on the Lok Sabha on 3rd May 2010. But can anyone guess/imagine from which date onwards it will be effective? What could be the possibility of it getting effected with retospective effect from an earlier date?
Regards,
Rmcham
Please see the extract from LOK Sabha Bulletin part 1 on 3rd May 2010
2.35 P.M.
(ii) The Payment of Gratuity(Amendment) Bill, 2010
Time Taken: 3 mts.
The motion for consideration of the Bill was moved by Shri Mallikarjun Kharge.
The motion for consideration was adopted and clause-by-clause consideration of the Bill was taken up.
Clause 2 was adopted.
Clause 1 was adopted.
The Enacting Formula and the Long Title were also adopted.
The motion that the Bill be passed was moved by Shri Mallikarjun Kharge.
The motion was adopted and the Bill was passed.
From India, Kochi
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Payment of Gratuity Amendment Bill 2009.pdf