Gratuity Act - Amendment 2010 - Income Tax
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Gratuity Act - Amendment 2010 - Income Tax

jagdish.pathak Started The Discussion:

Dear All,

Finally Gratuity limit has been increased from Rs. 3,50,000 to Rs. 10,00,000, it is passed by the Parliament on 22.04.2010.

Please find attached the notification for your records.


Regards,

Jagdish Pathak


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File Type: pdf Gratuity Act - Amendment 2010.pdf (82.0 KB, 4113 views)
krishnappa salian - Member Since: Apr 2010
Hi, Mr Jagdish Pathak - The attachment is the amendment bill and not the "notification". Can you please post the notification. Regards - Salian

SR SANKARAN - Member Since: Feb 2010
Quote:
Originally Posted by jagdish.pathak View Post
Dear All,

Finally Gratuity limit has been increased from Rs. 3,50,000 to Rs. 10,00,000, it is passed by the Parliament on 22.04.2010.

Please find attached the notification for your records.


Regards,

Jagdish Pathak
Pathakji, The Notfn has been posted by many. But the crux of the issue is from which date the enhanced ceiling will be effective? If u carefully read the Notfn, it mentions that it will take effect from the date the Govt decides (appoints or fixes) to implement the revised Act. Though Central Govt wage revision circular stated that wage increase etc wld be effective from 1.1.2006 (1.1.2007 for PSUs), in view of the wording in the Act passed by the Parliament, there is an element of doubt. I wish we get to have clarity in this regard.

sat1963@rediffmail.com - Member Since: Jan 2009
Dear Friend, The bill is for amendment and approval of Lok Sabha, it is not yet passed by Rajya Sabha. The official notification is not declared. Kindly note. regards/satishkumar

mandeep_mann - Member Since: May 2010
there are some confusion regarding this notification. anyone kindly clear to us this matter.

asho2659 - Member Since: May 2010
Shri Jagdish Pathak,

Could you please confirm as to when the Gazette Notification with regard to Gratuity Amendment 2010 is likely to be available. I am eagerly waiting for your valuable reply. Thanks Ashoke Dhole

A.Narasingarao - Member Since: May 2010
Friends
Somebody says it is not passed by Rajyasabha,IT IS WRONG ,It has indeed been passed by both houses and must
have gone to President for signature,Then only Gazzette notification.The suspense regarding Date of Implementation continues,the reply given by Minister in Rajyasabha makes us feel that it is not with retrospective effect.Since Private companys are involved they will lobby and get it differed as long as possible.Afterall outflow of money is involved.

udaymama - Member Since: Mar 2010
Dear Pathak Ji,

Thanks for update information and share it with us. This is definitely useful for me. I request you to please send calculation details on gratuity.

Thanks & Regards


Uday,
Cuttack, Orissa
9437833882

kishpoojary - Member Since: May 2010
Hi, I spoke to many people about gratuity but everyone told me bill not yet passed from parliment. is that true? pvt sector people will get 10lkhs rupees as gratuity? Rgds Kishor

kaushalesh - Member Since: Mar 2010
if a person working under contractor in a same orgnization,,, who will be responsible for his paymet of gratuity. Regrds k.k.dubey( atlas pharma)



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