Government likely to reduce employee's Gratuity tenure from five to three years
Sources also said that workers hired under fixed-term contracts will also be entitled to gratuity.
Nov 12, 2018, 13:52 PM IST
Gratuity tenure likely to be reduced from five to three years
The proposal to make amendments to the Payment of Gratuity Act of 1972 seeks to lower the five-year service period for gratuity eligibility to three years.
Apr 05, 2018, 14:22 PM IST
Bill to amend Payment of Gratuity Act provisions introduced in Lok Sabha
According to the Statement of Objects and Reasons of the bill, the amendment would allow the central government to notify the maternity leave period for "female employees as deemed to be in continuous service in place of existing twelve weeks".
Dec 18, 2017, 15:30 PM IST
Centre approves bill to tax-free gratuity to Rs 20 Lakh: Here are 10 key points
The Amendment will increase the maximum limit of gratuity of employees, in the private sector and in Public Sector Undertakings/ Autonomous Organizations under Government who are not covered under CCS (Pension) Rules, at par with Central Government employees.
Sep 12, 2017, 20:57 PM IST
Cabinet approves Bill to double tax-free gratuity ceiling to Rs 20 lakh
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for introduction of the Payment of Gratuity (Amendment) Bill, 2017 in the Parliament.
Sep 12, 2017, 17:34 PM IST
EPFO meet to discuss hike in ETF investment to 15%: Bandaru Dattatreya
Labour Minister Bandaru Dattatreya on Monday said the board of retirement fund body EPFO will deliberate on raising investment limit in exchange traded funds (ETFs) to 15 per cent at its meeting later this month.
May 15, 2017, 23:43 PM IST
EPFO should provide unemployment insurance, gratuity: Panel
A Parliamentary panel has recommended amendments in social security schemes run by retirement fund body EPFO to include unemployment insurance and gratuity benefits.
Apr 11, 2017, 19:46 PM IST
Cabinet nod likely to double gratuity cap to Rs 20 lakh
The proposed amendment is being brought to bring the maximum ceiling amount to Rs 20 lakh in line with the 7th Central Pay Commission's recommendations as accepted by the government.
Mar 15, 2017, 09:01 AM IST
Gratuity ceiling for private sector employees to be raised to Rs 20 lakh
Formal sector workers may soon be eligible for up to Rs 20 lakh tax-free gratuity as central trade unions have agreed on the proposal in a tripartite consultation with the Labour Ministry.
Feb 23, 2017, 20:50 PM IST
7th Pay Commission: Gratuity ceiling doubled to Rs 20 lakh
The Union Cabinet on Wednesday approved the pay panel recommendation of doubling ceiling of gratuity from Rs 10 lakh to Rs 20 lakh.
Jun 29, 2016, 14:53 PM IST
How well have you planned for your post-retirement phase?
Individuals in the country need to make well directed efforts towards their financial planning and explore the opportunities to invest in such products that offer guaranteed returns for a long duration of time.
Dec 11, 2015, 15:32 PM IST
