+12 Others
Dear friends,
I am attaching copy of Payment of Gratuity Amendment Bill 2010 as introduced in Parliament on 22.4.2010 for your information. The Bill provides for increase in ceiling for gratuity from Rs.3.50 lacs to Rs.10 lacs.
Regards,
24th April 2010 From India, Malappuram
I am attaching copy of Payment of Gratuity Amendment Bill 2010 as introduced in Parliament on 22.4.2010 for your information. The Bill provides for increase in ceiling for gratuity from Rs.3.50 lacs to Rs.10 lacs.
Regards,
24th April 2010 From India, Malappuram
Additional Info Payment of Gratuity Act amended to include "TEACHER". Accordingly, Teacher are also eligible for Gratuity as per Act.
24th April 2010 From India, Tiruchchirappalli
24th April 2010 From India, Tiruchchirappalli
Yes, it is 100% authentic. We all know the working speed of govt. departments and hence no comments. But it is just a Bill. It will be effective from such date as may be notified by the govt. after it is converted into an Act.
24th April 2010 From India, Malappuram
24th April 2010 From India, Malappuram
Re: Gratuity Amendment Bill 2010 Thanks for useful information . can you provide me your emai id as i am also working in Aurangabad (Maharashtra) Shripad 9767400402
25th April 2010 From India, Pune
25th April 2010 From India, Pune
Your worry is as good as any one who retired after 1997. The date of last amendment was in 1997. Those who retired after more than 35 years of service could only get one third of the actual gratiuty. My proposals are (1) the payment of grauity act must be amended every five years
(2) just like pension the payment of gratuity must be proportionate to the year of service - with 30 years as full eligible service and any thing less in proportion to that. There is no point in fixing a cieling as years goes by. Since in the industrial sector there is no pension apart from the EPF pension and the bonus is limited to the rock bottom, gratuity is the only amount what an employee gets on super annuation.
Leons Augustin
26th April 2010 From India, Thiruvananthapuram
(2) just like pension the payment of gratuity must be proportionate to the year of service - with 30 years as full eligible service and any thing less in proportion to that. There is no point in fixing a cieling as years goes by. Since in the industrial sector there is no pension apart from the EPF pension and the bonus is limited to the rock bottom, gratuity is the only amount what an employee gets on super annuation.
Leons Augustin
26th April 2010 From India, Thiruvananthapuram
HI all
good morning, I am looking job in HR at baddi, Chandigarh, Panchkula, Mohali, can anybody help me. Special request to seniors if they have requirement for their company pls Contact 9876978160,
. About me I am MBA in hr having more than three years experience in manufacturing industry. Pls i am in trouble.
26th April 2010 From India, Chandigarh
good morning, I am looking job in HR at baddi, Chandigarh, Panchkula, Mohali, can anybody help me. Special request to seniors if they have requirement for their company pls Contact 9876978160,
26th April 2010 From India, Chandigarh
Dear There is an error opening this file . The file is damaged & couln’t be repaired . please send the Payment of Gratuty amendment,2010 again ( the attached file ). thanks, ak sharma
26th April 2010 From India, Pune
26th April 2010 From India, Pune
I have not yet come across any news about amendment in gratuity Act enhancing the limit from 3.5 lac to 10 lac is approved by the parliament.Yes today 29th April 10 Finance Bill has been passed with one voice.Can any body tell me about approval of amendment in Gratuity Act?
29th April 2010 From India, Delhi
29th April 2010 From India, Delhi
HI there,
The bill was introduced and passed on the Lok Sabha on 3rd May 2010. But can anyone guess/imagine from which date onwards it will be effective? What could be the possibility of it getting effected with retospective effect from an earlier date?
Regards,
Rmcham
Please see the extract from LOK Sabha Bulletin part 1 on 3rd May 2010
2.35 P.M.
(ii) The Payment of Gratuity(Amendment) Bill, 2010
Time Taken: 3 mts.
The motion for consideration of the Bill was moved by Shri Mallikarjun Kharge.
The motion for consideration was adopted and clause-by-clause consideration of the Bill was taken up.
Clause 2 was adopted.
Clause 1 was adopted.
The Enacting Formula and the Long Title were also adopted.
The motion that the Bill be passed was moved by Shri Mallikarjun Kharge.
The motion was adopted and the Bill was passed.
6th May 2010 From India, Kochi
The bill was introduced and passed on the Lok Sabha on 3rd May 2010. But can anyone guess/imagine from which date onwards it will be effective? What could be the possibility of it getting effected with retospective effect from an earlier date?
Regards,
Rmcham
Please see the extract from LOK Sabha Bulletin part 1 on 3rd May 2010
2.35 P.M.
(ii) The Payment of Gratuity(Amendment) Bill, 2010
Time Taken: 3 mts.
The motion for consideration of the Bill was moved by Shri Mallikarjun Kharge.
The motion for consideration was adopted and clause-by-clause consideration of the Bill was taken up.
Clause 2 was adopted.
Clause 1 was adopted.
The Enacting Formula and the Long Title were also adopted.
The motion that the Bill be passed was moved by Shri Mallikarjun Kharge.
The motion was adopted and the Bill was passed.
6th May 2010 From India, Kochi
Recently the payment of gratuity amendment bill has been passed by the parliament and it shall come into force on such date as the central Govt. may, by notification in the official Gazette. Does it mean that the effective date of this bill is on the date of notification or any retrospective date ?
K.V.Aravindakshan
6th May 2010 From India, Kochi
K.V.Aravindakshan
6th May 2010 From India, Kochi
Hi,
I recently retired from a Public Sector Unit. I was eligible for a gratuity of Rs 5,31,00 as per the rules, but because of the ceiling existing as on 05-05-2010(the date on which the proceedings were awarded) I could get only Rs 350,000.
The newspapers on 06-05-2010 have the story that the proposed amendment in the Gratuity Act to raise the ceiling to Rs 10 Lakhs in place of the original Rs 3.5 Lakhs has now been approved.
The amended Act was not available on search here.
Please tell me:
(1) Where can I get a pdf file of the new Gratuity Act?
(2) When does it become operative
(3)Will it apply with retrospective effect in my case of retirement on 31-03-2010?
Thanks,
Venugopalan K M.
more at http://citehr.com#ixzz0nbiEst5h
11th May 2010 From India, Kochi
I recently retired from a Public Sector Unit. I was eligible for a gratuity of Rs 5,31,00 as per the rules, but because of the ceiling existing as on 05-05-2010(the date on which the proceedings were awarded) I could get only Rs 350,000.
The newspapers on 06-05-2010 have the story that the proposed amendment in the Gratuity Act to raise the ceiling to Rs 10 Lakhs in place of the original Rs 3.5 Lakhs has now been approved.
The amended Act was not available on search here.
Please tell me:
(1) Where can I get a pdf file of the new Gratuity Act?
(2) When does it become operative
(3)Will it apply with retrospective effect in my case of retirement on 31-03-2010?
Thanks,
Venugopalan K M.
more at http://citehr.com#ixzz0nbiEst5h
11th May 2010 From India, Kochi
I thank you very much for having provided with a valuable information. I request you to kindly inform me whether Rs 10 lakhs is exempted from income tax? 2. if so from which date?
20th May 2010 From India, Madras
20th May 2010 From India, Madras
Dear Sir,
I am serving as senior exrecutive with a Public Sector Bank & am retiring on May 31, 2010. Payment of Gratuity Bill was been passed by both houses of Parliament by May 7. No news of President's signatures since then. As the bill had all party support why Madam President is taking so long to sign & when will notification come. Also Will it be effective from date of signing by President as it converts into an Act ie law on that day or date of notification? Please clarify. Shall await yr response as time is running out.RK KAPOOR
20th May 2010 From India, Delhi
I am serving as senior exrecutive with a Public Sector Bank & am retiring on May 31, 2010. Payment of Gratuity Bill was been passed by both houses of Parliament by May 7. No news of President's signatures since then. As the bill had all party support why Madam President is taking so long to sign & when will notification come. Also Will it be effective from date of signing by President as it converts into an Act ie law on that day or date of notification? Please clarify. Shall await yr response as time is running out.RK KAPOOR
20th May 2010 From India, Delhi
Dear friends, I am attaching copy of Payment of Gratuity Amendment act circular No- 56 2010 published on 04.5.2010 for your information may be this can help you. Regards,
22nd May 2010 From India, Ranchi
22nd May 2010 From India, Ranchi
Many HR friends have been circulating the Bill as it was presented to the Parliament. Whats actually needed is information whether the bill has been notified and if not when it shall be done and also whether the effective date for enhanced gratuity will be retrospectively 1st jan 2006 for Central Govt empls and 1st Jan 2007 to some PSUs who have implemented the wage revision.
24th May 2010 From India, New Delhi
24th May 2010 From India, New Delhi
How to calculate gratuity after this amendment, as i came to know from some friend that now basic is multiplied by some percentage and then by number of years to calculate gratuity, please help as i am totally confused.....
15th October 2010 From India, Bangalore
15th October 2010 From India, Bangalore
Please correct me if i am wrong,
Payment of gratuity calculation for employee is 45 days of its last payment in his organization into no of year of service If his organization is going to close also not given any notice to employee also send me another dues to recover from organization
11th April 2011 From India, Mumbai
Payment of gratuity calculation for employee is 45 days of its last payment in his organization into no of year of service If his organization is going to close also not given any notice to employee also send me another dues to recover from organization
11th April 2011 From India, Mumbai
Get End to End Support Services for Formation of Gratuity Trust
We offer end to end online/offline paid support services for the formation of gratuity trust. Our Services includes:-
1. Specialized Support Services for preparation of Inputs for Actuarial Certificate for Value of Obligation under the Gratuity Plan to be taken from an Actuary. This Certificate forms the basis for Initial contribution to be made by the organization into the Gratuity Fund.
2. Support Services in preparation of a board resolution to be passed by the Management of the company for formation of Gratuity Trust.
3. Analytic Support for Management of the Company to take the decision about Investment of the Self Managed Gratuity Trust Investment to be Self Managed by the Trustees or It will be any Investment Service Provider.
4. Advisory Services for Investment of Gratuity Fund into Group Gratuity Schemes.
5. Legal Support Services for Drafting Trust Deed and Trust Rules as per Income Tax Rules 1962.
6. Support Services for filing an application in IT Department for Approval for the purpose of tax exemptions upon the funding as well as the interest portion.
For more detail contact us at 9211637063 or send your queries/ requirement at my email ID -
7th June 2019 From India, Delhi
We offer end to end online/offline paid support services for the formation of gratuity trust. Our Services includes:-
1. Specialized Support Services for preparation of Inputs for Actuarial Certificate for Value of Obligation under the Gratuity Plan to be taken from an Actuary. This Certificate forms the basis for Initial contribution to be made by the organization into the Gratuity Fund.
2. Support Services in preparation of a board resolution to be passed by the Management of the company for formation of Gratuity Trust.
3. Analytic Support for Management of the Company to take the decision about Investment of the Self Managed Gratuity Trust Investment to be Self Managed by the Trustees or It will be any Investment Service Provider.
4. Advisory Services for Investment of Gratuity Fund into Group Gratuity Schemes.
5. Legal Support Services for Drafting Trust Deed and Trust Rules as per Income Tax Rules 1962.
6. Support Services for filing an application in IT Department for Approval for the purpose of tax exemptions upon the funding as well as the interest portion.
For more detail contact us at 9211637063 or send your queries/ requirement at my email ID -
7th June 2019 From India, Delhi
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labour law consultants City-India-Malappuram hi all help me public sector unit manufacturing industry mba in hr central govt calculation of gratuity labour law gratuity calculation payment of gratuity gratuity act payment of gratuity act Country-India
Payment of Gratuity Amendment Bill 2009.pdf
