Dear All
As per Gazette notification issued by Ministry of Labour & Employment in The Gazette of India on vide reference number S.O. 1419 (E) dated 29th March 2018 as applicable WEF same date following amendments is made in the celling under Payment of Gratuity Act, 1972 in “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.” I.e. all employee who are retired on 29th March 2018 or afterwards there are eligible for maximum Gratuity of Rupees Twenty Lakh.
Regards
From India, New Delhi
29As per Gazette notification issued by Ministry of Labour & Employment in The Gazette of India on vide reference number S.O. 1419 (E) dated 29th March 2018 as applicable WEF same date following amendments is made in the celling under Payment of Gratuity Act, 1972 in “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.” I.e. all employee who are retired on 29th March 2018 or afterwards there are eligible for maximum Gratuity of Rupees Twenty Lakh.
Regards
From India, New Delhi
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Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc