Payment Of Gratuity Amendment Bill 2010 - PDF Download

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,

Additional Info
Payment of Gratuity Act amended to include "TEACHER". Accordingly, Teacher are also eligible for Gratuity as per Act.

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.

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

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

HI all
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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

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?

Whether the Act has been passed. What is the effective date from which the new ceiling is applicable

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.