Lok Sabha passes bill to hike gratuity ceiling to Rs 10 lakh

Parliament has passed the Payment of Gratuity Amendment Bill 2010, hiking the Gratuity amount from the present 3.5 lakhs rupees to 10 lakh rupees for public and private sector employees.The legislation would benefit millions of workers across the country but only those who are to be paid gratuity after it is notified.

The legislation was brought following demands from trade unions and others to remove the ceiling or increase the maximum payable amount, which was fixed in 1997

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