Cabinet Approved Payment of Gratuity (Amendment) Bill 2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for introduction of the Payment of Gratuity (Amendment) Bill, 2017 in the Parliament. The Amendment will increase the maximum limit of the gratuity of employees, in the private sector and in Public Sector Undertakings/ Autonomous Organizations under Government who are […]

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Government proposes to hike Gratuity limit to 20 Lakhs

If decisions are made final, private sector employees could receive gratuity up to ₹20 lakhs, doubling up the existing limit of ₹10 lakhs after leaving an establishment with minimum 5 years of continuous service. The move is intended to bring parity between private and public sector employees since as part of the Seventh Pay Commission recommendations […]

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