Gratutiy bill passed or not
ronak
(Querist) 10 September 2009
This query is : Resolved
1.I want to first whether the gratuity bill 2009 is passed by the parliament or not?
2.Are Teachers came in the definition of the word "employee"..till now
3. How to calculate the gratuity amount.
4.Maximum amount is still 3.5 lacs or it is amended to 10 lacs..
riven
A V Vishal
(Expert) 10 September 2009
Cabinet approves amendment to Payment of Gratuity Act, 1972
The Union Cabinet today gave its approval to accept one recommendation of the Standing Committee of giving effect to the amendments retrospectively with effect from April 3, 1997 and to move Payment of Gratuity (Amendment) Bill, 2008 in the Parliament.
New Delhi, July 31 : The Union Cabinet today gave its approval to accept one recommendation of the Standing Committee of giving effect to the amendments retrospectively with effect from April 3, 1997 and to move Payment of Gratuity (Amendment) Bill, 2008 in the Parliament.
The Cabinet also gave its approval for withdrawal the Payment of Gratuity (Amendment) Bill, 2007 from the Parliament.
This will result in coverage of teachers in the educational institutions under the Payment of Gratuity Act, 1972 with effect from April 3, 1997.
Calculation of Gratuity
Gratuity = Monthly Salary/26 x 15 days x No. of yrs. of service
Max. Gratuity payable under the Act is Rs. 3,50,000/- (w.e.f. 24-9-1997)
riven
Raj Kumar Makkad
(Expert) 13 September 2009
Erll replied by Sh. AV Vishal ji. Thanx.riven
ronak
(Querist) 14 September 2009
cabinet has passed the bill but whether it is passed in parliment or not?
so is the teachers are come in definition of employee or not???riven
