QUESTIONS & ANSWERS Payment of Gratuity Act has substituted Rs. 3.50 lakh to Rs. 10 lakh in Sec. 4 of that Act. When does it come into effect? Payment of Gratuity (Amendment) Act, 2010, has been amended coming into force with effect from a date to be notified by the Central Government. The Amendment Act […]
Archives for June 2010
Additional payment for army personnel who retired on disability pension
Claiming that army personnel should follow the policy of Zero Tolerance towards corruption and refrain from making any Human Rights violation, Defence minister A K Antony today announced an additional payment of Rs 3000 per month to army personnel who retired on disability pension. ”Keeping in view the valour and sacrifice made by the army […]
Postal pension adalat on June 15
In a bid to redress problems of pensioners and family pensioners, a Pune regional level postal pension adalat will be held around 11 am on June 15 at the office of the Postmaster General of Pune region on Finance Road. The Pune region comprises four revenue districts — Pune, Amhednagar, Satara and Solapur. Only the […]
Postal dept launches new pension scheme
The postal department has launched a new pension scheme for the public, specially service holders, who are able to deposit a minimum of Rs 500 per month, up to the age of 55 years. According to the project officer of the postmaster general office, Saryug Prasad, the amount deposited by the beneficiaries would be invested […]
Higher gratuity limit from May 24
Employees covered under the gratuity law are now eligible to receive gratuity of up to Rs 10 lakh, as against an earlier specified statutory limit of Rs 3.5 lakh. The higher limit of Rs 10 lakh would be allowed for all gratuity payments made on or after May 24, with the Centre specifying this […]