Recently the bill has been passed for ceiling of amount of gratuity up to 10 Lacks which was earlier 3.5 Lacks. The recommendation was already applicable in govt. undertakings ( recommended by 6th pay commission) now it will be applicable in Private also.
for more details you can view the following link- Gratuity ceiling raised to Rs 10L - Yahoo! India News<link updated to site home>( Search On Cite | Search On Google ) From India, Mumbai
The proposal has to be presented in the Parliament in the form of a bill and has to be passed both in Lok Sabha and Rajya Sabha before it becomes an Act. Till then, the existing Gratuity Act only is applicable.
From India, Madras
Please clear me current gratuity amount cealing Rs. 3.5 L is for maximum gratuity amount or it is tax a free gartuity amount. Because it is not clear in Gratuity ACT. If any one has any notification for that please share with me.
From India, Faridabad
as per the new sealing the maximum gratuity of 10lac is payable. does that mean above 10lac employer is not liable to pay?
From India, Bangalore
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