Dear friends,
A few questions here, which I wish to be replied:
1.When will the Gratuity Act (Amendment )2010, as approved by the Cabinet take effect?
2.Will the employees under the states and the state- owned PSUs be benefited by this proposed amendment of raising the cap from 3.5 lakhs to 10 lakhs ?( Do the states need separate legislations on this line?)
3. What is the extent of retrospective effect?
4. Here is an employee who has retired on 31-03-2010 afternoon, and who has been paid according to the rules of payment of gratuity as existed on my date of retirement.
Can I make a claim for the balance amount depending on the retrospective application, as and when the amendment comes in force?
Thanks,
K M Venugopalan
From India, Kochi
A few questions here, which I wish to be replied:
1.When will the Gratuity Act (Amendment )2010, as approved by the Cabinet take effect?
2.Will the employees under the states and the state- owned PSUs be benefited by this proposed amendment of raising the cap from 3.5 lakhs to 10 lakhs ?( Do the states need separate legislations on this line?)
3. What is the extent of retrospective effect?
4. Here is an employee who has retired on 31-03-2010 afternoon, and who has been paid according to the rules of payment of gratuity as existed on my date of retirement.
Can I make a claim for the balance amount depending on the retrospective application, as and when the amendment comes in force?
Thanks,
K M Venugopalan
From India, Kochi
1) The act came into effect from 24th May, 2010
2) Amendment pertaining to increase in ceiling to Rs.10.00 lakhs to State Government employees & PSU in already in force.
3) As told above effective date is 24th May, 2010
4) In this case, no more additional payment is required to be made
From India, Madras
22) Amendment pertaining to increase in ceiling to Rs.10.00 lakhs to State Government employees & PSU in already in force.
3) As told above effective date is 24th May, 2010
4) In this case, no more additional payment is required to be made
From India, Madras
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Gratuity Amendment-Press Information Bureau.docx
Payment of Gratuity Amendment Bill 2010.pdf