Gratuity Benefits

Deductions from salaries, such as standard deduction, gratuity, and leave encashment, have now been consolidated in one section instead of being scattered across various sections

Haryana government has decided to increase the maximum limit of Death-cum-Retirement Gratuity for state government employees by 25 per cent, an official statement said on Saturday. This enhancement will take effect from January 1, 2025, raising the gratuity from Rs 20 lakh to Rs 25 lakh. The proposal in this regard was approved by the state cabinet, which met under the chairmanship of Chief Minister Nayab Singh Saini. According to an official statement, the Cabinet also approved a 25 per cent increase in the maximum limit of Death-cum-Retirement Gratuity for Judicial officers of the state government. These decisions are aimed at providing enhanced financial security to the state government employees and their families as well as the Judicial officers, the statement read. In another decision, the Cabinet approved the revision of the Indexation Policy for calculating External Development Charges. "The Indexation Policy was based on EDC rates for the year 2015 and these had not been

Odisha Chief Minister Mohan Charan Majhi on Tuesday raised the gratuity limit for government employees from Rs 15 lakh to Rs 20 lakh. This raise applies to the Death-Cum-Retirement Gratuity (DCRG) and is effective retroactively from January 1, 2024, for all regular state government employees, according to an official release from the Chief Minister's Office. The decision follows requests from various service associations in the state for an increase in the DCRG ceiling. The move aligns with the central government's recent adjustment to the retirement and death gratuity under the Central Civil Services (Pension) Rules, 2021, which also took effect from January 1, 2024.

Organisations with 10 or more employees over the past year must pay gratuity. In non-mining roles, a year consists of 240 working days; in the mining sector, it is 190 days

Did you know? If gratuity isn't paid within a month of employment ending, employers owe interest as set by the Centre. Discover everything there is to know about gratuity

Brings in uniform family pension rate at 30% for LIC employees

Currently, workers are not entitled to gratuity before completing five years of continuous service, according to the provisions of the Payment of Gratuity Act, 1972

Under the Gratuity Act of 1972, employees completing five years of continuous service are eligible to get a gratuity payment when they leave the organisation