Approved gratuity fund trust

Querist : Anonymous (Querist) 07 October 2020 This query is : Resolved
What are the rules of gratuity payment to an employee for an approved gratuity fund trust.
does any ceiling apply to an approved pvt gratuity fund trust.

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Isaac Gabriel (Expert) 07 October 2020
Section 4(5)of the payment of gratuity act permit unlimited amount if an agreement had been made with any approved agency like LIC where a premium amount is annually paid for releasing the gratuity.

Rajendra K Goyal (Expert) 08 October 2020
Please do not set examination question paper.

State clear material fact of the problem if any?

P. Venu (Expert) 08 October 2020
You have not posted the material facts.

Dr J C Vashista (Expert) 09 October 2020
What is your problem /concern / locus standi Mr./ Ms. Anonymous ?

Querist : Anonymous (Querist) 13 October 2020
My employer is claiming only rs. 10 lacs is payable as gratuity whereas, the trust has given me a letter stating my actual gratuity amount, which is higher than 10 lacs.
also, my employer has allowed me to one month salary *no. of years of service, as per their board resolution.
can the employer disapprove this now?

Rajendra K Goyal (Expert) 13 October 2020
Please refer departmental rules regarding gratuity payment.

Tax free limit of gratuity was raised to 20 lacs from 10 lacs in 2018.

Querist : Anonymous (Querist) 15 October 2020
My gratuity is governed by a prvt trust. what are the rules to be followed then?

Rajendra K Goyal (Expert) 15 October 2020
Rules generally amended time to time in accordance to law when law changes.

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