Latest Updates - What's New - Today's HotStoppage of Retirement and Death Gratuity to the NPS Subscribers Extension of benefits of Retirement Gratuity and Death Gratuity to the employees of Autonomous Body/Organisation covered under National Pension System (NPS) – KVS Orders KENDRIYA VIDYALAYA SANGATHAN (HQ) 18, Institutional Area, Saheed Jeet Sinsh Marg, New Delhi-110016 F.110230(NPS)2018/KVS(HQ)/P&I/2133 Dated: 16.05.2019 The Deputy Commissioner/Director, Kendriya Vidyafaya […]
IT Exemption for Gratuity upto 20 Lakhs – Gazette Notification
IT Exemption for Gratuity upto 20 Lakh – Gazette Notification Gazzette Notification: Exemption u/s 10 of Income Tax – Rs. 20 Lakh for Gratuity w.e.f. 29.03.2018 MINISTRY OF FINANCE(Department of Revenue(CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 8th March, 2019 (Income-tax) S.O. 1213(E).—In exercise of the powers conferred by sub-clause (iii) of clause […]
IT Exemption on Gratuity – 20 lakhs w.e.f. 29.3.2018
IT Exemption on Gratuity – 20 lakhs w.e.f. 29.3.2018 Income tax exemption for gratuity increased from Rs.10 lakhs to 20 lakhs w.e.f. 29.3.2018 Income tax exemption for gratuity enhanced Up to Rs. 20 lakhs Ministry of Finance has enhanced the income tax exemption for gratuity under section 10 (10) (iii) of the Income Tax Act, […]
Brief on Payment of Gratuity (Amendment) Act, 2018
Brief on Payment of Gratuity (Amendment) Act, 2018 ” Representatives are requesting to this Ministry that the effective date of Payment of Gratuity (Amendment) Act, 2018 will 01.01.2016 instead of 29.03.2018 at par with the Central Government employees’ 1. The Payment of Gratuity (Amendment) Bill, 2018 has been passed the 14th Sabba Sabha on 15.03.2018 and […]
Gazette Notification on Gratuity: Amount, Effective Date and Maternity Leave
Gazette Notification on Gratuity: Amount, Effective Date and Maternity Leave “Gratuity Ceiling Amendment Notifications issued by Government of India regarding Upper limit of Gratuity Payment, Date on which come into force and Maximum Period of Maternity Leave… MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 29th March, 2018 S.O. 1419(E).—In exercise of the powers conferred […]
Gratuity ceiling raised to 20 Lakhs w.e.f. 29.3.2018
Gratuity ceiling raised to 20 Lakhs w.e.f. 29.3.2018 Payment of Gratuity (Amendment) Act, 2018 brought in force on 29th March, 2018 Decision:The Payment of Gratuity (Amendment) Bill, 2018 has been passed by Lok Sabha on 15th March, 2018 and by the Rajya Sabha on 22nd March, 2018, has been brought in force on 29th March, […]
Upper Ceiling on Gratuity 20 Lakhs
Upper Ceiling on Gratuity 20 Lakhs – Gratuity Bill Passed by Parliament Ministry of Labour & Employment Payment of Gratuity (Amendment) Bill, 2018 passed by Parliament The Payment of Gratuity (Amendment) Bill, 2018 has been passed by parliament today.The bill ensures harmony amongst employees in the private sector and Public Sector Undertakings/Autonomous Organizations under Government who […]
UFBU writes to Finance Minister regarding Gratuity Ceiling
UFBU writes to Finance Minister regarding Gratuity Ceiling UNITED FORUM OF BANK UNIONS (AIBEA-AIBOC-NCBE-AIBOA-BEFI-INBEF-INBOC-NOBW-NOBO) C/o, state Bank of India, LHO, Plot No-I, sector-17A. chandigarh – 160 017 Phone (office) : 172-4567142-4567042, 2702518 Fax-0172-2721716 Mobile-09417032548 [email protected] K K NAIR Chairman SANJEEV K. BANDUSH Convenor UFBU/2017/08 Date : 08-12-2017 To Shri Arun Jaitley Hon. Minister for Finance, […]
Non-Payment of Gratuity and Pay Revision Arrears by HEC
Non-payment of gratuity and arrears by HEC Department of Heavy Industry has been receiving complaints of non-payment of gratuity and pay revision arrears by the Heavy Engineering Corporation (HEC), Ranchi to its retired employees. These complaints are forwarded to the Company for appropriate action and redressal of grievances. As reported by HEC, twenty such complaints […]
Retirement Gratuity Ceiling hiked to Rs.20 lakh for bank employees and officers
Retirement Gratuity Ceiling hiked to Rs.20 lakh for bank employees and officers – AIBEA Joint Ciruclar on Gratuity Ceilin CIRCULAR TO ALL UNITS & MEMBERS March, 2, 2017 Dear Comrades, Improvements in Gratuity under Gratuity Act Our units are aware that Gratuity is one of the important retirement benefits for the bank employees and officers. […]