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BREAKING NEWS ""**Expected DA for Bank Employees from Aug 2024 MINIMUM 7 SLAB AND MAXIMUM 24 SLAB*****I *****

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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Thursday, March 15, 2018

Lok Sabha passes gratuity amendment Bill from 10 lakh to 20 lakh

The Lok Sabha on Thursday gave its nod for a Bill to amend the existing gratuity law to remove the current ceiling of Rs 10 lakh and empower the Centre to notify the ceiling from time to time. The Payment of Gratuity (amendment) Bill was passed in the lower house by voice vote amid a din and slogan shouting by the Opposition members and NDA ally, the Telugu Desam Party.
Labour Minister Santosh Kumar Gangwar moved the Bill for passage. Gangwar said the Centre may notify tax-free gratuity of Rs 20 lakh for the organised sector. The Payment of Gratuity Bill, among other things, empowers the Centre to notify the period of maternity leave eligible for qualifying as "continuous service" under the gratuity law.

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BANK EMPLOYEE DA WILL DECREASE FROM MAY 2025 MINIMUM 21 POINT OR 1.23% AND MAXIMIM 24 POINT OR 1.44%

Expected DA Calculation Updated on 01.04.25 on the basis of CPI for the month of Feb'25 with the assumptions of CPI for Mar'25. The ...

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