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Can someone please share the gazatte notification for the gratuity increase from 10 lac to 20 lac
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Gazette Notification would come after the Payment of Gratuity (Amendment) Act 2017 is passed by both the houses of Parliament and after it receives the ascent of the President . The amended Act becomes enforceable on the expiry of the notified date in the Gazette. Presently the Payment of Gratuity (Amendment) Bill 2017 is before the Parliament.
Under the Payment of Gratuity (Amendment) Bill, 2017 the maternity leave increased for female employees to 26 weeks for calculation of continuous service.
The Payment of Gratuity (Amendment) Bill, 2017
/The Payment of Gratuity Act, 1972 /The Payment of Gratuity (Amendment) Bill, 2017
December 27, 2017
The Payment of Gratuity Act, 1972
On December 18 2017, The Payment of Gratuity (Amendment) Bill, 2017 was introduced in Lok Sabha by Mr. Santosh Kumar Gangwar, Minister for Labour and Employment. The Bill will amend various provisions in the existing Act- the Payment of Gratuity Act, 1972.
The Payment of Gratuity Act 1972 allows for the payment of gratuity to employees in any establishment, factory, mine, oilfield, plantation, port, railways, company, or shop employing 10 or more workers/employees. At the time of termination employees are paid gratuity if they have provided at least five years of continuous service.
Under the present Gratuity Act, the maximum period of maternity leave available to female employees is 12 weeks (for the purpose of calculation of continuous service. The Bill amends the provision to specify that the central government may notify the maximum time period for maternity leave. Note that the Maternity Benefit (Amendment) Act, 2017 has already increased the maternity leave for the employees from 12 weeks to 26 weeks with effect from April, 2017.
Under the present Gratuity Act, the maximum amount of gratuity payable to an employee cannot be more than Rs 10 lakhs. After this amendment this ceiling may be notified by the central government time to time based on the inflation, wage and future pay commission.
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