Times Of India dated 5th March,2010:
It has been reported that the Government has approved raising the ceiling for payment of Gratuity for Private Employees from Rs.3.50 Lacs to Rs.10 Lacs.
The decision was taken in a meeting chaired by the Prime Minister, on Thursday.
Vasant Nair
From India, Mumbai
90It has been reported that the Government has approved raising the ceiling for payment of Gratuity for Private Employees from Rs.3.50 Lacs to Rs.10 Lacs.
The decision was taken in a meeting chaired by the Prime Minister, on Thursday.
Vasant Nair
From India, Mumbai
it will be effective only when this (amendment) be forwarded to the president signature. regards jawahar
From India, Mumbai
From India, Mumbai
Gratuity is calculated under the methodology laid down in Payment of Gratuity Act. The amount so arrived if it exceeds beyond Rs.3.50, the employee will get Rs.3.50 lakhs only. If is is less than 3.50 lakhs he will get actual. Now this ceiling has been raised to Rs.10 lakhs. The upper ceiling has been revised several times in the past since then Gratuity Act was passed and came into force. For eligibility, calculation, entitlement one should go through the details of Payment of Gratuity Act.
From India, Calcutta
From India, Calcutta
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Gratuity AM-02-Limit to Rs. 20 L-29-03-2018.pd f