Back
Home » Business
  •  
    Filmi Bollywood
    • Gandi Copy! Janhvi Kapoor Gets Called Out By Diet Sabya For Wearing 'Copied' Outfit
    • Mamangam (Hindi) Movie Review: Mammootty's Film Is A Brave Attempt To Recreate A Page From History
    • Rani Mukerji Had To Sacrifice Her Soul And Voice For Her Part In Ghulam!
    • Eid 2020 Box Office Battle: Salman Khan Reacts To Locking Horns With Akshay Kumar
    • Why Did Laxmi Agarwal Skip Deepika Padukone's Chhapaak's Trailer Launch?
    • Kartik Aaryan Finds Bhumi Pednekar’s Replacement In This Funny Pati Patni Aur Woh Picture!
    • Bhumi Pednekar Wins Variety Asian Star: Up Next Award At Macau
    • Kamaal R Khan Attacks Salman Khan: You Harass Small-Time Actors, Abuse And Beat Girls
    • Ranveer Singh To Play Comic Superhero Nagraj?
    • Chhapaak: Aamir Khan And Alia Bhatt Are Moved By The Trailer Of Deepika Padukone’s Film
    • Sonakshi Sinha: ‘Dabangg Made Me Realize My True Calling’
    • Dulquer Salmaan’s Hands Shake When Shooting Intimate Scenes; Uses A Trick To Make It Comfortable
    • Rani Mukerji Says Her Character From Mardaani 2 Wouldn’t Fit In Rohit Shetty’s Cop Universe
    • Karan Johar Opens Up On Mid-Life Crisis; Says He Has Started Wearing More Bling Because Of It
    • Google Year In Search 2019: Kabir Singh, Avengers: Endgame, Joker Top The List!
    • Taimur Ali Khan And Inaaya Naumi Kemmu Have Their Eyes On The Cake In This Fam-Jam Picture!
    • Gauri Khan-Karan Johar's Kuch Kuch Hota Hai Recreation Leaves Shah Rukh Khan Embarrassed!
    • Arjun Reddy's Shalini Pandey Is Ranveer Singh’s Heroine In YRF’s Jayeshbhai Jordaar!
Payment of Gratuity (Amendment) Bill passed by Parliament: 5 quick facts
IBTimes | 22nd Mar, 2018 02:53 PM

In a move to provide more benefits to the salaried class, the Parliament on Thursday passed the Payment of Gratuity (Amendment) Bill 2017.

The bill passed by Rajya Sabha proposes to allow the Central government to revise gratuity limits of employees in both the government and private sectors.

Here are five points to know about the Payment of Gratuity (Amendment) Bill 2017:

• The Payment of Gratuity (Amendment) Bill 2017 lets the government enhance the ceiling of tax-free gratuity to Rs 20 lakh from existing Rs 10 lakh for an employee under the Payment of Gratuity Act.

• At present, employees are eligible for a maximum of Rs 10 lakh tax-free gratuity limit fixed in 2010 if they have provided at least five years of continuous service at the time of termination.

• The new Bill also allows the Central government to fix the maternity leave period for the female employees. The maximum maternity leaves that can be availed according to the Gratuity 1972 Act are 12 weeks. Under the Payment of Gratuity (Amendment) Bill 2017, maternity leave is increased to 26 weeks.

• The gratuity law is applicable to employees, who have completed at least five years of continuous service in an establishment that has 10 or more persons.

• Payment of Gratuity (Amendment) Bill seeks to amend the Payment of Gratuity Act, 1972, which was enacted to provide for gratuity payment to employees engaged in factories, mines, oilfields, plantations, ports, railway companies, shops or other establishments.

The bill was moved by Labour Minister Santosh Kumar Gangwar. Last week the Lok Sabha had given its approval to the Payment of Gratuity (Amendment) Bill.

It is mandatory for any employer in the private sector or public sector who has 10 or more employees to pay gratuity to all employees.

   
 
Health and Life
  • Paresthesia: Causes, Symptoms, Diagnosis And Treatment
  • 11 Health Benefits Of Muira Puama
  • First Aid For Acid Attacks: What You Can Do As A Witness
    • What Does Your Headache Reveal About Your Overall Health?
    • Amyotrophic Lateral Sclerosis: Causes, Symptoms, Diagnosis And Treatment
    • 8 Essential Ways To Strengthen Your Heart
      • Penile Allergy: Causes, Home Remedies And Prevention
      • Sexually Transmitted Dengue Fever: World's First Case Reported In Spain
      • Dog Bite: From First Aid Treatment To Preventing It, Here's All You Need To Know
        • UK-based Same-sex Couple Become The First To Carry Baby In Both Of Their Wombs Through IVF
        • 11 Health Benefits Of White Pepper
        • What Is Gaming Disorder And How It Can Be Treated
          • High-tech Honey Sandwich Could Help Fight Superbug Infections
          • Valley Fever: Causes, Symptoms, Risk Factors, Diagnosis And Treatment
          • Are Bananas Safe For Diabetics?
            • People With Lung Cancer Have A High Risk Of Depression
            • Hair Dyes Can Increase The Risk Of These 6 Diseases
            • World Soil Day 2019: Impact Of Soil On Your Health
              • Amazing Health Benefits Of Guava For Babies
              • Varicose Veins: Causes, Symptoms, Diagnosis And Treatment
              • What You Need To Know About LASIK Surgery