Dear All,
The Payment of Gratuity (Amendment) Bill, 2010 that has been introduced in the Lok Sabha.
The Payment of Gratuity Act 1972 provides for the payment of gratuity to employees engaged in industries including mines, oilfields, plantations, shops, factories, amongst others. This Amendment Bill proposed to raises the ceiling of gratuity to be paid from the present level of Rs. 3.5 lakh to Rs. 10 lakh.
Stage Date
Introduction Apr 22, 2010
Lok Sabha Introduced
Rajya Sabha Pending
NB:- This data is collected from internet/ other HR Group, and posted here to spread this mesage.
Regards
Debajyoti
From India
3The Payment of Gratuity (Amendment) Bill, 2010 that has been introduced in the Lok Sabha.
The Payment of Gratuity Act 1972 provides for the payment of gratuity to employees engaged in industries including mines, oilfields, plantations, shops, factories, amongst others. This Amendment Bill proposed to raises the ceiling of gratuity to be paid from the present level of Rs. 3.5 lakh to Rs. 10 lakh.
Stage Date
Introduction Apr 22, 2010
Lok Sabha Introduced
Rajya Sabha Pending
NB:- This data is collected from internet/ other HR Group, and posted here to spread this mesage.
Regards
Debajyoti
From India
It is said that the increase of Grat.from 3.50 to 10L means that there is no Income Tax for the amount received upto a million!
From India, Bangalore
From India, Bangalore
Yesterday ( 05/05/2010), This bill was get passed in Rajya Sabha by Voice Voting. waiting for the more deatils. Regards Debajyoti
From India
From India
Dear Karajgi,
Plz find attached herewith the copy of notification dated 31.12.2009 by virtue of which teachers have also become eligible to receive gratuity amount under the Payment of Gratuity Act, 1972.
With Regards,
R.N.Khola
From India, Delhi
Plz find attached herewith the copy of notification dated 31.12.2009 by virtue of which teachers have also become eligible to receive gratuity amount under the Payment of Gratuity Act, 1972.
With Regards,
R.N.Khola
From India, Delhi
Dear All,
We recently had one employee retired from the services of the company and he has completed 30 yeears of service in the company.
With regards to his gratuity the full basic & DA was taken into consideration & accordingly calculated, but at the time of payment our corporate office has deducted 10000/- on Rs.6.29 laksh towards tax, but the employee is disputing on the same stating that Gratuity is exempted from tax upto Rs,10,00000/- please throw light on the same..
regards...Mailni
From India, Bangalore
We recently had one employee retired from the services of the company and he has completed 30 yeears of service in the company.
With regards to his gratuity the full basic & DA was taken into consideration & accordingly calculated, but at the time of payment our corporate office has deducted 10000/- on Rs.6.29 laksh towards tax, but the employee is disputing on the same stating that Gratuity is exempted from tax upto Rs,10,00000/- please throw light on the same..
regards...Mailni
From India, Bangalore
Dear All, Can anyone please clarify on my doubt wrt gratuity tax calculation ?? regards..Malini
From India, Bangalore
From India, Bangalore
Dear Praveen,
We are to abide by law relating to Payment of Gratuity & hence we are not in a position to opt less amount against prescribed maximum limit of Rs. 10 Lacs.
Regards,
R.N.Khola
From India, Delhi
We are to abide by law relating to Payment of Gratuity & hence we are not in a position to opt less amount against prescribed maximum limit of Rs. 10 Lacs.
Regards,
R.N.Khola
From India, Delhi
Dear Debajyoti, You have shared Important Msg to us. Please keep updated further move Ragards, A.Ramyesh Khumar
From India, Madras
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.
Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc