Payment Of Gratuity (Amendment) Bill 2009 Passed By Parliament Doc Download

In the news paper dated 7.1.2010 I have read that the ceiling limit of Rs.3.50 under the gratuity Act, 1972 has been enhanced to Rs.10 Lacs, please confirm.
Regds,
Jaspal Anand

let me know whether the section 4 of the gratuity act 1972 is also amended to pay gratuity rs.10 lacs to private sector employee.

in the cabinet session last saturday, the existing gratuity limit of 3.5 lacs was to be revised to 10.00 lacs.
Does anyone of us have traced out the gazzette copy, if so pl, circulate
Rgds
Sushil

Dear PCA,
Re :WCA, 1923
If possible, please let the members of this forum have a copy of the notification in this regard, or at least know the date of notification, as the amendment would take place only after the notification as per section 1(2) of the Amended Act.
Wishes
Jpratap

kindly let me know that whether the cabinet approved the enhancement of gratuity from 3.5 lac to 10 lac for the private employees by amending the payment of gratuity act?

No, it is not yet amended. As per newspaper reports govt. is planning to introduce bill in Budget session of Parliament in this regard.

I am also trying to get the same information. If any one has any update on this matter pl update
Regards,
Jatin Suley

Thanks for all the information everyone. I have a question regarding the limit for the gratuity payment at the end of service. The 1972 act says that only 3.5 lakhs can be paid at the time of retirement- is this true? What happens to the balance amount? Also how is the gratuity calculated?

Dear
When the amount of gratuity payable to an employee shall not exceed Rs.3.5 lacs then nothing is going to happen to the balance amount.Gratuity amount is to be calculated as per section 4 of this Act.
With Regards,
R.N.Khola

I would like to know whether President of India has assented the latest amendments in payment of gratuity act. Can someone sends file/attachement in the above matter.