The Payment Of Gratuity 3.5 Lac To 10lac - PDF Download

Dear All,
The Payment of Gratuity (Amendment) Bill, 2010 that has been introduced in the Lok Sabha.
The Payment of Gratuity Act 1972 provides for the payment of gratuity to employees engaged in industries including mines, oilfields, plantations, shops, factories, amongst others. This Amendment Bill proposed to raises the ceiling of gratuity to be paid from the present level of Rs. 3.5 lakh to Rs. 10 lakh.
Stage Date
Introduction Apr 22, 2010
Lok Sabha Introduced
Rajya Sabha Pending
NB:- This data is collected from internet/ other HR Group, and posted here to spread this mesage.
Regards
Debajyoti

It is said that the increase of Grat.from 3.50 to 10L means that there is no Income Tax for the amount received upto a million!

Yesterday ( 05/05/2010), This bill was get passed in Rajya Sabha by Voice Voting.

waiting for the more deatils.

Regards
Debajyoti

Dear Karajgi,
Plz find attached herewith the copy of notification dated 31.12.2009 by virtue of which teachers have also become eligible to receive gratuity amount under the Payment of Gratuity Act, 1972.
With Regards,
R.N.Khola

Dear All,
We recently had one employee retired from the services of the company and he has completed 30 yeears of service in the company.
With regards to his gratuity the full basic & DA was taken into consideration & accordingly calculated, but at the time of payment our corporate office has deducted 10000/- on Rs.6.29 laksh towards tax, but the employee is disputing on the same stating that Gratuity is exempted from tax upto Rs,10,00000/- please throw light on the same..
regards...Mailni

Dear All,
Can anyone please clarify on my doubt wrt gratuity tax calculation ??
regards..Malini

Dear Praveen,
We are to abide by law relating to Payment of Gratuity & hence we are not in a position to opt less amount against prescribed maximum limit of Rs. 10 Lacs.

Regards,
R.N.Khola

Dear Debajyoti,
You have shared Important Msg to us.
Please keep updated further move
Ragards,
A.Ramyesh Khumar

Guys
This is very informative information. Now gratuity amended in 3.5 to 10 lakh means don to pay any income tax till 10 lakh.. however it is pending in State level...... So keep it mind.....
Thanks
Vijendra Singh Rauthan
Asst. Manager HR