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

Dear Mr. Agarwal,
There is a contradiction, as the amendment of The PG Bill 2009 states clearly that it excludes Government officials "Clearly Stated in the bill" (please read and refer) and it need to be presented to the President of India for "Ascent" then only it would become law.
There are some bills presented in parliament no need to be placed before both the houses.
Jaikumar Ranganathan

Dear Udita,
That is true, we can pay only Rs.3.5 lakhs as "Maximum Limit prescribed for I-T exemption" however an employer can pay anything as gratuity but duly taxable as now-a-days employers are insuring their Pay-outs by creating a Gratuity Policy.
Calculation of Gratuity is simple =
Salary (Basic + DA) x 15/26 x No. of years of service
Basic qualifications
* undisturbed service of continued 5 years with one single employer
I think this would satisfies your requirement
Regards
Jaikumar Ranganathan
(0)9176809600 / 9444020774

Hi
please find attached the notification for increase in ceiling for gratuity from Rs.3.50 lacs to 10 lac.

hi
Pl find attached the notification for increase in ceiling for gratuity from Rs.3.50 lacs to 10

Hi murali ,
Thanks for your giving information, and i want know the details every month the employer have to pay that LWF or yearly once. and then how can we deduct that LWF from salary....we want to show in salary slip ...?
Rajesh
chennai

Could you please advise on the following:
1. Which are the value for consideration as CTC.
2. Please also confirm wheather Gratatuity which is payable upon retirement of leaving the servicing after putting the minimum service of 5 years is a part of CTC.
Regds,
Jaspal Anand