GRATUITY ACT

DA hike impact: The Center's decision to increase its employees' dearness allowance by 4% to 50% has resulted in significant revisions to other allowances, including retirement gratuity, which is a great benefit for government employees.

Dearness allowance hike: The EPFO has opted to keep in "abeyance" the retirement and death gratuity increase for workers, which is a blow to those employed by the government and organised sector. In March 2024, the Central government raised the Dear...

In its notification dated May 6, Sebi said that the new framework would be also applicable to those employees who have resigned or retired from the services or have completed the tenure of deputation. The new rules have been made applicable from the...

The ministry of labour and employment is considering several options including a gradual repeal of the old labour laws to ensure there is no legal void in states that are yet to draft rules. Besides, the ministry is holding talks with states that ar...

Latest on DA hike: The Central government increased the dearness allowance (DA) and dearness relief (DR) by 4% in March 2024. This hike in DA to 50% also increased various components of a central government employee’s salary.

Private companies in Karnataka must now partner with insurance firms and pay an annual premium towards gratuity obligations under the Karnataka Compulsory Gratuity Insurance Policy Rules, 2024. The regulation applies to companies with more than 10 e...

When an employee is fired from a job, an employer usually pays the compensation amount. This is typically known as severance pay. The question arises how much severance pay is usually paid by the employer when an employee is fired. Is it equivalent ...

The Employees' Provident Fund Organisation of India has launched three committees to create draft schemes for pension, provident fund and insurance under the Social Security Code, 2020. The committees will submit the drafts to EPFO by June 23, 2023,...

Expressing concerns over underpayment to contractual workers, delayed payments and low deposits to EPFO and ESIC, labour secretary Arti Ahuja has written to chief secretaries of all states and administrators of the union territories to incorporate c...

n response to a petition filed by a former employee of HDFC Bank, the controlling authority in Kerala ruled that the bank must include "personal pay" while calculating the petitioner's gratuity and not just his basic pay. This was because the employ...

While the term ‘business’ has been defined under the Central Goods and Services Tax Act, 2017 (the CGST Act), there is no definite yardstick to find out whether an activity is carried out ‘in course or furtherance of business’.

These days when a employee is fired from the job, the company asks them to tender resignation. However, when an employee is forced to voluntarily resigns from job, then the employee loses certain rights. Read on to know what does an employee lose an...

Here is a look at what the law states about, who can be nominated in case of gratuity, how the nomination must be made and when a nominee will not be entitled to receive the gratuity proceeds.

The new wage definition under the Code on Wages, 2019 will change the way gratuity and provident fund calculations are done on salary. As per current rules, gratuity and provident fund is calculated on the basic salary. However, under new rules, it ...

Four new labour laws have been passed by the Parliament. However, effective date of implementation of these laws is yet to be notified. Here's how new labour laws will change the working hours of an employee, the annual leave he/she is eligible for ...

These benefits include pension for dependents of insured persons with Employees' State Insurance Corporation (ESIC) who died due to COVID-19 and hike in maximum sum assured under the group insurance scheme Employees' Deposit Linked Insurance Scheme ...

Under the new labour laws, the definition of wages is standardised. This will impact on how gratuity and EPF will be calculated and lead to hike in amount and individual is eligible to receive.

Dilip Lakhani Senior Chartered Accountant, answers queries from our readers on income tax and other levies.

Minister of State (Independent Charge), Labour and Employment Santosh Gangwar moved the Bill for passage in the Rajya Sabha soon after the House met for the day.