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7th Pay Commission Committee recommendations on Gratuity

July 23, 2019 admin Leave a Comment

7th Pay Commission Committee recommendations on Gratuity Ceiling for Central Government Employees All Central Government employees should know about the eligibility criteria of Gratuity. There are commonly four types of Gratuity in Central Government … [Read more...]

Stoppage of Retirement and Death Gratuity to the NPS Subscribers

May 28, 2019 admin 1 Comment

Stoppage 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 … [Read more...]

IT Exemption for Gratuity upto 20 Lakhs – Gazette Notification

March 15, 2019 admin 1 Comment

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 … [Read more...]

IT Exemption on Gratuity – 20 lakhs w.e.f. 29.3.2018

March 12, 2019 admin 2 Comments

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 … [Read more...]

Brief on Payment of Gratuity (Amendment) Act, 2018

May 31, 2018 admin 1 Comment

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 … [Read more...]

Gratuity ceiling raised to 20 Lakhs w.e.f. 29.3.2018

March 30, 2018 admin 6 Comments

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 … [Read more...]

Upper Ceiling on Gratuity 20 Lakhs

March 24, 2018 admin Leave a Comment

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 … [Read more...]

UFBU writes to Finance Minister regarding Gratuity Ceiling

December 11, 2017 admin Leave a Comment

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) : … [Read more...]

Non-Payment of Gratuity and Pay Revision Arrears by HEC

March 15, 2017 admin Leave a Comment

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 … [Read more...]

Retirement Gratuity Ceiling hiked to Rs.20 lakh for bank employees and officers

March 7, 2017 admin 1 Comment

bank news

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 … [Read more...]

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