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 Services. 1. Service Gratuity, 2. Retirement Gratuity, 3. Death Gratuity and 4. Residuary Gratuity. 7th Central Pay Commission recommended to enhance … Read more
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 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 … Read more
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 … Read more
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, … Read more
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 … Read more
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, … Read more
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 … Read more
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 e-Mail-ufbu.chd@gmail.com K K NAIR Chairman SANJEEV K. BANDUSH Convenor UFBU/2017/08 Date : 08-12-2017 To Shri Arun Jaitley Hon. Minister for Finance, … Read more
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 … Read more
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. … Read more