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President assents Payment of Gratuity (Amendment) Act, 2018

(1) This Act may be called the Payment of Gratuity (Amendment) Act, 2018. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

MINISTRY OF LAW AND JUSTICE
(Legislative Department)

New Delhi, the 29th March, 2018

The following Act of Parliament received the assent of the President on the 28th March, 2018, and is hereby published for general information:—

THE PAYMENT OF GRATUITY (AMENDMENT) ACT, 2018

NO. 12 OF 2018

[28th March, 2018.]

An Act further to amend the Payment of Gratuity Act, 1972.

BE it enacted by Parliament in the Sixty-ninth Year of the Republic of India as follows:—

1. Short title and commencement.

(1) This Act may be called the Payment of Gratuity (Amendment) Act, 2018.

(2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

2. Amendment of section 2.

In the Payment of Gratuity Act, 1972 (hereinafter referred to as the principal Act), in section 2, for clause (k), the following clause shall be substituted, namely:—

(k) “notification” means a notification published in the Official Gazette and the expression “notified” shall be construed accordingly;’.

3. Amendment of section 2A.

In section 2A of the principal Act, in sub-section (2), in the Explanation, in clause (iv), for the words “twelve weeks”, the words “such period as may be notified by the Central Government from time to time” shall be substituted.

4. Amendment of section 4.

In section 4 of the principal Act, in sub-section (3), for the words “ten lakh rupees”, the words “such amount as may be notified by the Central Government from time to time” shall be substituted.

G. NARAYANA RAJU,

Secretary to the Govt. of India.

List of Recent Gratuity Related Notification

Title Notification No. Date
Payment of Gratuity (Amendment) Act, 2018 applicable from 29.03.2018 Notification No. S.O. 1419(E). 29/03/2018
Govt. increases maximum gratuity limit to Rs. 20 Lakhs Notification No. S.O. 1420 (E). 29/03/2018
Govt notifies maximum maternity leave of 26 weeks for Gratuity Notification No. S.O. 1421 (E) 29/03/2018
President assents Payment of Gratuity (Amendment) Act, 2018 NO. 12 OF 2018 29/03/2018
Categories: Corporate Law

View Comments (22)

  • Please advise i
    Retired in December 17. is tax benefits is applicable to me or not as govt notification comes​ inforce on 29.3.18

  • I retired from ONGC on 31.12.2017. I received gratuity of Rs 10 lakh tax free + 10 lakh with 33% tax deduction. The gazette notification s.o. 1419(E) & 1420(E) passed on 29.03.2018. please do inform whether I can this tax refund.
    With due regards.
    Ajit Parwani

  • My Father was expired in Nov 2017 & he was suppose to retire from ONGC on 28.2.2018. My Mother received gratuity of Rs 10 lakh tax free + 10 lakh with 33% tax deduction. The gazette notification s.o. 1419(E) & 1420(E) passed on 29.03.2018. please do inform whether I can this tax refund.
    With due regards.

  • Sir you see some PSU giving RS ,20 lac GRATUITY to their officers but after salary revision which due on 01/01/2017 .in same division employees salary revision is pending which due also above date and employees got RS 20 lac after 29/03/2018.why this two types of law running here.

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