The Department of Pension and Pensioners’ Welfare, under the Government of India, has issued a crucial Office Memorandum (OM) dated 20th October 2023, outlining the comprehensive procedure for the adjustment and recovery of Government dues from gratuity under the Central Civil Services (Pension) Rules, 2021. Key Points: 1. Rule Transition: The document supersedes the Central […]
gratuity
FAQs For Central Civil Pensioners-Gratuity (Last updated 04.11.2013)
FAQs Central Civil Pensioners-Gratuity (Last updated 04.11.2013) Frequently Asked Questions (FAQs) (Central Civil Pensioners) Last updated/Reviewed: 04.11.2013 GRATUITY F.7 When will the gratuity withheld at the time of retirement be released? The withheld amount of gratuity under sub-rule (5) of CCS(Pension) Rules, 1972, the retiring Government employees, shall be paid immediately on production of "No […]
Tax exemption on gratuity
The government has hiked the limits of gratuity payment from Rs 3.5 lakhs to Rs 10 lakhs. This enhanced limit is applicable to employees who retire, become incapacitated before retirement, expire or whose services were terminated on or after May 24, 2010. As per Section 10(10) of Income Tax Act, gratuity is paid when […]
Workers eligible for interest on gratuity, rules Madurai Bench of HC
An employee becomes eligible for gratuity on the termination of his employment after he has rendered continuous service for not less than five years, according to Section 4(1) of the Payment of Gratuity Act, 1972. He is also entitled for interest on the gratuity in terms of Section 7(3) and 7(3A). Making these clear, the […]
Exemption for gratuity: effective date of enhancement
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 […]