Benefit of Retirement Gratuity on Mobility from One Organization to Another Organization - Clarification Counting of service on joining new service in State Government / Central Government / autonomous body for the benefit of gratuity in respect of … [Read more...]
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Gratuity – Calculation, Ceiling, Qualifying Service and Rates
Retirement and Service Gratuity - Calculation, Ceiling, Qualifying Service and Rates What is Gratuity? Gratuity is a bulk amount paid by the employer to his/her employee for his/her service at the time of retirement under the Gratuity Act 1972 … [Read more...]
Revision of Gratuity and Severance Amount to GDS
Revision of Gratuity and Severance Amount to GDS Revision of GDS Gratuity and Severance Amount effective date changed to 1.7.2018 No.17-31/2016-GDS Government of India Ministry of Communications Department of Posts (GDS Section) Dak Bhawan, Sansad … [Read more...]
7th Pay Commission Committee recommendations on Gratuity
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...]
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 … [Read more...]
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 … [Read more...]
FAQ for Central Civil Services – Gratuity
FAQ for Central Civil Services – Gratuity Frequently Asked Questions (FAQs) (Central Civil Services) 10.GRATUITY (10.1) When will the gratuity withheld at the time of retirement be released? The withheld amount of gratuity under sub-rule (5) of C … [Read more...]
Payment of Gratuity to the employees of CPSE
Payment of Gratuity to the employees of CPSE Payment of Gratuity to the employees of CPSEs-Clarifications Amendment in the Payment of Gratuity Act, 1972, regarding enhancement of ceiling of gratuity from Rs.10 lakhs to Rs.20 lakhs and effective date … [Read more...]
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 … [Read more...]
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) : … [Read more...]