Dear Professionals,
Has the maximum payable ceiling amount for gratuity been raised from Rs. 3.5 lakhs to a higher amount recently? If anybody comes across any notification, please inform me at
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From India, Madras
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3Has the maximum payable ceiling amount for gratuity been raised from Rs. 3.5 lakhs to a higher amount recently? If anybody comes across any notification, please inform me at
From India, Madras
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Dear Ganesan, The amount of Gratuity has bene increased from 3.5 to 10 lacs. But no notice has come as if now.
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The Payment of Gratuity (Amendment) Bill, 2010 has been introduced in the Parliament on 22th April, 2010 for enhancement of Gratuity Ceiling limint from Rs.3.50 Lakhs to Rs.10.00 Lakhs. Y K Anand
From India, Haridwar
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From India, Haridwar
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Hi Everyone, I have a query, are contract employees with direct contract with company eligible for Gratuity.
From Singapore, Singapore
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From Singapore, Singapore
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This bill has been passed by Lok Sabha, the lower house. It will go to Rajya Sabha, the upper house, and finally will be with the President of India. After approval from the President, it will be published in the Gazette of India. Then it will become law. So, some more wait.
"NDTV Profit: A bill to raise the ceiling of gratuity for employees to Rs 10 lakh from Rs 3.5 lakh was passed by the Lok Sabha without discussion on Monday. The Payment of Gratuity (Amendment) Bill 2010, introduced by Minister of State for Labour Harish Rawat last month, was passed by a voice vote as AIADMK and some CPI(M) members trooped into the well raising slogans. The bill seeks to amend the Gratuity Act to enhance the amount of gratuity payable to an employee from Rs 3.5 lakh to Rs 10 lakh. The legislation was brought following demands from trade unions and others to remove the ceiling or increase the maximum payable amount, which was fixed in 1997."
From India, New Delhi
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"NDTV Profit: A bill to raise the ceiling of gratuity for employees to Rs 10 lakh from Rs 3.5 lakh was passed by the Lok Sabha without discussion on Monday. The Payment of Gratuity (Amendment) Bill 2010, introduced by Minister of State for Labour Harish Rawat last month, was passed by a voice vote as AIADMK and some CPI(M) members trooped into the well raising slogans. The bill seeks to amend the Gratuity Act to enhance the amount of gratuity payable to an employee from Rs 3.5 lakh to Rs 10 lakh. The legislation was brought following demands from trade unions and others to remove the ceiling or increase the maximum payable amount, which was fixed in 1997."
From India, New Delhi
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Payment of Gratuity Amendment Bill 2009.pdf