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Gratuity News

12 Jul 2024

Rs 1 Lakh Salary, 15 Years Of Service --How Much Gratuity Will You Get?

The Gratuity Act of 1972 allows for awarding of Gratuity to an employee who has rendered to a company for over 5 years. Know how to check Gratuity amount on the basis of formula.

7th Pay Commission

20 May 2024

Huge Setback For Govt Employees; 25% Increase In Gratuity Kept On Hold

DA was hiked to 50 percent in March 2024, consequent to which Gratuity ceiling is automatically hiked as per rules.

18 Sep 2023

Govt Announces Family Pension For LIC Staff, Hikes Gratuity Limit For Agent

More than 13 lakhs agents and more than 1 lakh regular employees, who play a pivotal role in the growth of LIC and deepening of insurance penetration in India, will benefit from these welfare measures, a statement said.

21 Nov 2022

Additional gratuity limit on death of THESE employees increased to Rs 7.05L

A release from the office of Chief Minister Eknath Shinde, who is chairman of MSRTC, also said that the limit of additional gratuity to the heirs of employees who died while in service has been increased to Rs 7.05 lakh from Rs 6.15 lakh under the additional gratuity and employee deposit linked insurance scheme.

Central government employees

26 Oct 2022

Big blow to central govt employees! You can lose Pension, Gratuity for...

The new rule will be applicable to central government employees. The govt. amend pension rules 2021. The revised Rule 8 was published on October 7.

19 Oct 2022

New Wage Code 2022: Employees with Rs 25 basic pay people will get Rs 1.16 cr

The central government has notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.

22 Aug 2022

New Wage Code: CRUCIAL meeting today, discussion on allowance, pay structure

Working week to be reduced. In hand pay to shrink. PF, Gratuity components to be hiked.

19 Aug 2022

Gratuity New Rules: Here is what all govt and private employees should know

The government had a few months ago said that there would be no change in the gratuity norms.

19 Jul 2022

Labour Min's BIG update on New wage code! Know when it will be implemented

Once implemented, the new wage code will impact working hours, salary restructuring and PF contribution, encashing of Earned Leaves among the prominent ones.

06 Jul 2022

New Wage Code to be implemented soon: 5 things salaried person needs to know

The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.

01 Jul 2022

New Wage Code: Key things that salaried employees need to know

The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.

30 Jun 2022

New Wage Code may kick in from tomorrow: Office timing, salary, PF to change

Working week to be reduced. In hand pay to shrink. PF, Gratuity components to be hiked.

29 Jun 2022

New Wage Code from July 1: 5 things that will impact salaried employees

Here are five things that will be impacted once the New Wage Code is implemented from July 1.

27 Jun 2022

New wage code: From Salary, PF to Leaves, check 5 things that are changing

Here are five things that might change if the New Wage Code 2022 is implemented from July 1.

24 Jun 2022

Understanding New wage code in 5 simple points, implementation likely July 1

The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.

21 Jun 2022

12 hours work week, EL change, reduced in-hand salary, higher PF from July 1

Working week to be reduced. In hand pay to shrink. PF, Gratuity components to be hiked.

agnipath scheme

21 Jun 2022

Tata Sons Chairman N Chandrasekaran backs Centre's Agnipath scheme, says THIS

He joined other industry leaders like Mahindra Group Chairman Anand Mahindra, RPG Enterprises Chairman Harsh Goenka, Biocon Ltd Chairperson Kiran Mazumdar-Shaw and Apollo Hospitals Group Joint Managing Director Sangita Reddy who have come out in support of the Agnipath recruitment scheme.

agnipath scheme

20 Jun 2022

Amid Agnipath protests, Anand Mahindra makes big job offer for Agniveers

The Agnipath scheme, announced on June 14, provides for the recruitment of youths between the age bracket of 17-and-half years to 21 for only four years with a provision to retain 25 percent of them for 15 more years. Later the government extended the upper age limit to 23 years for recruitment in 2022.

agnipath scheme

14 Jun 2022

Agnipath Recruitment: One-time SevaNidhi package of Rs 11.71L, no Tax on money

The individuals, selected for enrolment in the Armed Forces as regular cadre, would be required to serve for a further engagement period of minimum 15 years and would be governed by the existing terms and conditions of service of Junior Commissioned Officers/Other Ranks in Indian Army and their equivalent in Indian Navy and Indian Air Force and that of Non Combatant enrolled in the Indian Air Force, as amended from time to time.

14 Jun 2022

12 hours work, changes in Leave, reduced in-hand salary, higher PF from July 1

Working week to be reduced. In hand pay to shrink. PF, Gratuity components to be hiked.

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