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Payment of Gratuity Act 1972

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Gratuity Insurance rules 2024 notified by Government of Karnataka

Corporate Law : Understand the implications of Karnataka's new Gratuity Insurance Rules 2024 on employers. Learn about registration, exemptions, t...

March 21, 2024 762 Views 0 comment Print

Gratuity forfeiture is not automatic; it hinges on conditions outlined in Gratuity Act, 1972

Corporate Law : Explore the Union Bank Vs CG Ajay Babu case (2018) on gratuity forfeiture. Detailed analysis on conditions, legal aspects, and jud...

January 18, 2024 564 Views 0 comment Print

Karnataka Compulsory Gratuity Insurance Rules, 2024: Compliance Guide & Recommendations

Corporate Law : Understand Karnataka's new Compulsory Gratuity Insurance Rules 2024. Learn compliance steps, key observations, and expert recommen...

January 17, 2024 1044 Views 0 comment Print

Karnataka Notifies Compulsory Gratuity Insurance Rules 2024

Corporate Law : On 10th January 2024, the Karnataka government issued the Karnataka Compulsory Gratuity Insurance Rules, 2024 This article explore...

January 15, 2024 3315 Views 0 comment Print

Actuarial Valuation Insights: Gratuity Accounting Provision

CA, CS, CMA : Explore the strategic benefits of Actuarial Valuation for Gratuity Accounting Provision. From compliance assurance to risk managem...

December 31, 2023 897 Views 0 comment Print


Latest News


No plan to increase Gratuity payment from 15 days salary to 30 days

Corporate Law : Whether Government is considering to increase the Gratuity payment from 15 days’ salary for each completed year to 30 days’ sa...

March 30, 2022 3330 Views 0 comment Print

Enhancement of Gratuity Limit with effect from 29/03/2018

Corporate Law : The Government has issued Notification the same day wherein gratuity limit has been increased from Rs.10 lakhs to Rs.20 lakhs un...

April 6, 2018 5871 Views 2 comments Print

Payment of Gratuity (Amendment) Act, 2018 brought in force on 29th March, 2018

Corporate Law : Decision:The Payment of Gratuity (Amendment) Bill, 2018 has been passed by Lok Sabha on 15th March, 2018 and by the Rajya Sabha on...

March 30, 2018 4632 Views 5 comments Print

Payment of Gratuity (Amendment) Bill, 2018 passed by Parliament

Corporate Law : The Payment of Gratuity (Amendment) Bill, 2018 has been passed by parliament today. The bill ensures harmony amongst employees in ...

March 22, 2018 19440 Views 7 comments Print

Payment of Gratuity (Amendment) Bill, 2017 introduced in Lok Sabha

Corporate Law : Clause 3 of the Bill seeks to amend the provision relating to calculation of continuous service for the purpose of gratuity in cas...

December 19, 2017 11139 Views 3 comments Print


Latest Notifications


Karnataka Compulsory Gratuity Insurance Rules, 2024

Corporate Law : Explore the Karnataka Compulsory Gratuity Insurance Rules 2024 introduced by the Government of Karnataka. Learn about coverage, co...

January 10, 2024 3708 Views 1 comment Print

Gratuity exemption u/s Section 10(10)(iii) raised to ₹ 20 lakhs

Income Tax : Govt increases Gratuity exemption limit u/s Section 10(10)(iii)  to ₹ 20 lakhs from existing Rs. 10 Lakh vide Notification No. ...

March 8, 2019 74286 Views 8 comments Print

President assents Payment of Gratuity (Amendment) Act, 2018

Corporate Law : (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...

March 29, 2018 42903 Views 29 comments Print

Govt notifies maximum maternity leave of 26 weeks for Gratuity

Corporate Law : Central Government hereby specifies for the purposes of the said clause that the total period of maternity leave in the case of a ...

March 29, 2018 7419 Views 0 comment Print

Payment of Gratuity (Amendment) Act, 2018 applicable from 29.03.2018

Corporate Law : Central Government hereby appoints the 29th day of March, 2018 as the date on which Payment of Gratuity (Amendment) Act, 2018 shal...

March 29, 2018 65820 Views 15 comments Print


Latest Posts in Payment of Gratuity Act 1972

Gratuity Insurance rules 2024 notified by Government of Karnataka

March 21, 2024 762 Views 0 comment Print

Understand the implications of Karnataka’s new Gratuity Insurance Rules 2024 on employers. Learn about registration, exemptions, tax implications, and compliance requirements.

ITAT Criticizes AO for Hasty 200% Penalty Imposition without application of Mind

March 19, 2024 390 Views 0 comment Print

Analysis of ITAT Pune’s criticism of the Assessing Officer’s hasty penalty imposition at a 200% rate without proper application of mind in the Adinath Vasantrao Wandhekar case

Gratuity Cannot Be Disallowed for Delay in Approval of Gratuity Fund

March 13, 2024 546 Views 0 comment Print

Twinings Pvt. Ltd. vs. DCIT: ITAT Kolkata allows gratuity payment as salary expense u/s 37(1) of IT Act, rejecting disallowance u/s 36(1)(v).

Gratuity forfeiture is not automatic; it hinges on conditions outlined in Gratuity Act, 1972

January 18, 2024 564 Views 0 comment Print

Explore the Union Bank Vs CG Ajay Babu case (2018) on gratuity forfeiture. Detailed analysis on conditions, legal aspects, and judgment under Gratuity Act, 1972.

Karnataka Compulsory Gratuity Insurance Rules, 2024: Compliance Guide & Recommendations

January 17, 2024 1044 Views 0 comment Print

Understand Karnataka’s new Compulsory Gratuity Insurance Rules 2024. Learn compliance steps, key observations, and expert recommendations for employers.

Karnataka Notifies Compulsory Gratuity Insurance Rules 2024

January 15, 2024 3315 Views 0 comment Print

On 10th January 2024, the Karnataka government issued the Karnataka Compulsory Gratuity Insurance Rules, 2024 This article explores the key provisions of these rules, including compulsory insurance, registration requirements, payments, and conditions for approved gratuity funds. The following are the main points of the notified rules: Compulsory insurance The insurance policy can be obtained from any insurance company incorporated […]

Karnataka Compulsory Gratuity Insurance Rules, 2024

January 10, 2024 3708 Views 1 comment Print

Explore the Karnataka Compulsory Gratuity Insurance Rules 2024 introduced by the Government of Karnataka. Learn about coverage, compliance, and registration procedures.

Actuarial Valuation Insights: Gratuity Accounting Provision

December 31, 2023 897 Views 0 comment Print

Explore the strategic benefits of Actuarial Valuation for Gratuity Accounting Provision. From compliance assurance to risk management, employee retention, and financial gains – uncover the multifaceted advantages. Enhance transparency, build trust, and navigate uncertainties

Employee holding civil post under a State eligible for section 10(10(i) Gratuity Exemption 

December 20, 2023 252 Views 0 comment Print

TAT) Delhi in case of Chandan Lal Goswami vs. ITO sheds light on the eligibility of employees holding civil posts under a State for gratuity exemption under Section 10(10)(i) of Income Tax Act, 1961.

Yearly Compliance Applicable To Group Gratuity Trust

November 17, 2023 1170 Views 0 comment Print

Understand the yearly compliance applicable to the Group Gratuity Trust – Learn about the need to maintain books of accounts, make contributions, and pass entries. Get advice on how to do it.

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