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 by sub-section (2) of section 1 of the Payment of Gratuity (Amendment) Act, 2018 (12 of 2018), the Central Government hereby appoints the 29th day of March, 2018 as the date on which the said Act shall come into force.
[No.S-42012/02/2016-SS-II]
MANISH GUPTA, Jt. Secy.
NOTIFICATION
New Delhi, the 29th March, 2018
S.O. 1420 (E).—In exercise of the powers conferred by sub-section (3) of section 4 of the Payment of Gratuity Act, 1972 (39 of 1972), the Central Government hereby specifies that the amount of gratuity payable to an employee under the said Act shall not exceed twenty lakh rupees.
[No.S-42012/02/2016-SS-II]
MANISH GUPTA, Jt. Secy.
NOTIFICATION
New Delhi, the 29th March, 2018
S.O. 1421 (E).—In exercise of the powers conferred by clause (iv) of the Explanation to sub-section (2) of section 2A of the Payment of Gratuity Act, 1972 (39 of 1972), the Central Government hereby specifies for the purposes of the said clause that the total period of maternity leave in the case of a female employee shall not exceed twenty-six weeks.
[No.S-42012/02/2016-SS-II]
MANISH GUPTA, Jt. Secy.
Exemption limit of gratuity while computing taxable income of bank employees.
Upto RS.20 lakhs.
Sir.l have served in the Indian Navy for 13yrs and l came out sep1978.ls there any chance of getting pension in due course? Kindly let me know.
For bank employees limit of gratuity should be increased to Rs.20 lakh .Effective date should be considered to wef 1_1_2016 as promised by Honourable Prime Minister of India .We have worked in bank for40 years .We expect that govt should give us reward at par with central govt employee..Due consideration is needed from Ministers .Thanks
Gratuity amount increased limit upto 20 lakhs is for all the employees. Not only for central government employees including bank employees and all the private employees also.
Effective dt.of gratuity of CIL