REGULATORY UPDATE: EMPLOYMENT LAW – PAYMENT OF GRATUITY (AMENDMENT) BILL, 2017

The Union Cabinet has approved the introduction of this Bill in the Parliament. The main purpose of this Bill is to increase the ceiling of Gratuity Payments for private sector employees, in line with the ceiling for Government employees, which currently stands at INR 20,00,000/-. The change for Government employees was initially brought about via the revision to the Central Civil Services (Pension) Rules, 1972, in 2016.

Source: http://pib.nic.in/newsite/pmreleases.aspx?mincode=21

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