Diabytes
Gratuity News
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Gratuity calculation is based on a specific formula. Lets check the formula and find out how much gratuity will you get with Rs 25K, Rs 50K, Rs 1 Lakh salary and 15 years of service.
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Gratuity Calculator: When you join a new company, you receive details about your salary, including gratuity, an important part of your Cost to Company (CTC) package. Gratuity is a benefit that employers give to employees after five years of continuous service.
Gratuity ensures financial security, especially after retirement or resignation. It offers tax-free benefits up to ₹20 lakh, promotes employee loyalty, and provides long-term stability. Adding further, it supports employees or their families in case of disability or death, ensuring financial relief. But did you know that you might still be eligible if you’ve worked 4 years and 240 days?
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The Ministry Of Communications, Department Of Telecommunications (Pension Section) has recently issued an office memorandum regarding the enhancement of maximum limit of Gratuity for BSNL, MTNL Employees.
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The Gratuity Act of 1972 allows for awarding of Gratuity to an employee who has rendered to a company for over 5 years. Know how to check Gratuity amount on the basis of formula.
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DA was hiked to 50 percent in March 2024, consequent to which Gratuity ceiling is automatically hiked as per rules.
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More than 13 lakhs agents and more than 1 lakh regular employees, who play a pivotal role in the growth of LIC and deepening of insurance penetration in India, will benefit from these welfare measures, a statement said.
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A release from the office of Chief Minister Eknath Shinde, who is chairman of MSRTC, also said that the limit of additional gratuity to the heirs of employees who died while in service has been increased to Rs 7.05 lakh from Rs 6.15 lakh under the additional gratuity and employee deposit linked insurance scheme.
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The new rule will be applicable to central government employees.
The govt. amend pension rules 2021.
The revised Rule 8 was published on October 7.
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The central government has notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
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Working week to be reduced.
In hand pay to shrink.
PF, Gratuity components to be hiked.
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The government had a few months ago said that there would be no change in the gratuity norms.
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Once implemented, the new wage code will impact working hours, salary restructuring and PF contribution, encashing of Earned Leaves among the prominent ones.
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The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
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The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
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Working week to be reduced.
In hand pay to shrink.
PF, Gratuity components to be hiked.
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Here are five things that will be impacted once the New Wage Code is implemented from July 1.
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Here are five things that might change if the New Wage Code 2022 is implemented from July 1.
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The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
)
Working week to be reduced.
In hand pay to shrink.
PF, Gratuity components to be hiked.
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He joined other industry leaders like Mahindra Group Chairman Anand Mahindra, RPG Enterprises Chairman Harsh Goenka, Biocon Ltd Chairperson Kiran Mazumdar-Shaw and Apollo Hospitals Group Joint Managing Director Sangita Reddy who have come out in support of the Agnipath recruitment scheme.
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