On April 11, 2017 22:39 (IST)
At present, the Employees' Provident Fund Organisation provides retirement fund (EPF), pension and group insurance under its three schemes.
On March 18, 2017 12:15 (IST)
An employee gets gratuity when he/she resigns, retires or is laid off. In case of death or disablement there is no minimum eligibility period.
On March 15, 2017 09:51 (IST)
The Union Cabinet is likely to consider today a draft amendment bill which seeks to double the ceiling of tax-free gratuity to Rs 20 lakh under the Payment of Gratuity Act, news agency Press Trust of India reported.
On March 08, 2017 21:32 (IST)
Recently, trade unions agreed on the proposal of doubling gratuity ceiling upon in discussions with labour ministry, according to Press Trust of India.
On February 24, 2017 13:39 (IST)
The trade unions have demanded the removal of conditions asking to have at least 10 employees in an establishment and minimum five years of service for payment of gratuity.
On August 17, 2016 10:59 (IST)
On the recommendation of Seventh Pay Commission, the government has increased the gratuity limit to Rs 20 lakh from Rs 10 lakh. This is good news for government employees as they will get more money on retirement.
On August 07, 2016 12:11 (IST)
Retired central government employees will now get a minimum pension of Rs 9,000, up 157.14 per cent from the current Rs 3,500, following implementation of the Seventh Pay Commission's recommendations.
On August 19, 2016 17:20 (IST)
The gratuity amount depends upon the tenure of service and last drawn salary.
On December 22, 2015 18:49 (IST)
The government is considering a proposal to provide gratuity to its employees covered under National Pension System (NPS) on retirement, Parliament was informed on Tuesday.
On November 19, 2015 22:50 (IST)
Seeking to infuse more young blood into the armed forces via the Short Service Commission, the 7th Pay Commission today recommended that they be paid gratuity and entitled to a fully-funded one-year course at a premier institute of higher learning.
On June 25, 2014 20:21 (IST)
The Finance Ministry has proposed allowing retirement and gratuity funds to invest up to 30 per cent of their money in the equity markets, a suggestion that is likely to be opposed by labour unions.
On March 30, 2014 16:08 (IST)
The Income Tax Act provides multiple tax exemptions to every individual. A lot of such exemptions fall under section 10 of the Income Tax Act.
On August 14, 2013 01:46 (IST)
Employees of 10 ailing central public sector enterprises (CPSEs), including Hindustan Cables and HMT Ltd, will get outstanding salaries and other statutory dues like PF and gratuity for six months till March 2013.
On November 25, 2011 11:40 (IST)
The government on Friday raised the income tax exemption limit on gratuity from Rs 3.5 lakh to Rs 10 lakh, with effect from May 24. "Employees who retire, become incapacitated, terminated, or die on or after May 24, 2010, will get I-T exemption for gratuity up to Rs 10 lakh," a Finance Ministry official said in New Delhi. The Finance M...
On November 25, 2011 11:29 (IST)
A bill to raise the ceiling of gratuity for employees to Rs 10 lakh from Rs 3.5 lakh was passed by the Lok Sabha without discussion on Monday. The House, which witnessed an opposition furore over the 2G spectrum "scam" and reports about alleged involvement of a central minister in an illegal arms deal, also adopted the Employees' State Insur...