New Amendments for Gratuity Act (Payment) 2018

rakesh_bhagat26@rediffmail.com
Please find enclosed herewith the attached file for New Amendments for Gratuity made be Government for your information.
Hope so it will help you all.
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sunilkumar.miska
Hai bhagat,
1) What is the limitations of Gratuity can you elobrate me please?
suresh2511
Dear Sunil,
The ceiling of gratuity amount is now Rs. 20 Lakhs.
Ministry of Labour & Employment 04-April, 2018 15:12 IST
Enhancement of Gratuity Limit
The Government has issued Notification the same day wherein gratuity limit has been increased from Rs.10 lakhs to Rs.20 lakhs under the Payment of Gratuity Act, 1972.
Suresh
Vinod Mammen
Sir,
If an employee retired before 29th March 2018, whether he is eligible for the enhanced gratuity of Rs. Twenty Lakhs.
suresh2511
Dear Vinod,
Why you worry so much for the date. To get gratuity amount of Rs. 20 lakhs one has to have Rs. 1 lakh Basic salary and 35 years of continuous service.
Earlier gratuity amount upto Rs.10 lakhs was exempted under the Income Tax Act, which is enhanced now to Rs.20 lakhs. Besides the ceiling is also raised to Rs.20 lakhs.
Moreover, no law stops you to pay gratuity more than the ceiling amount, only the receiver is liable to pay income tax over and above the ceiling amount.
Suresh
Vijaya Kumar D
Bhagat R K
Sr. Executive - HR & Admin.
Dear Mr.Bhagat, Ours is Private company, I would like get some information pertaining to our staff who has died 10 days back due to health problem(Brain heamarage) . Kindly intimate what are the benefits to get his family members. As per my knowledge the following are benefits which he got kindly confirm is it write or wrong?
1. Funeral expenses 2.PF 3. Gratuity 4. EDLI 5. Pension 6. Insurance
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