Cabinet Meeting chaired by the Prime Minister, Mr. Manmohan Singh, approved raising the ceiling for payment of gratuity from Rs.3.5 lakh to Rs.10.00 lakh, which will bring parity between the Govt. and the Private Sector Employees. Earlier the Sixth Pay Commission recommendation had raised the limit for Central Govt. Employees to Rs.10.00 lakh.
Source: http://economictimes.indiatimes.com/personal-finance/savings-centre/savings-news/Gratuity-for-private-sector-employees-raised-to-Rs-10-lakh/articleshow/5644295.cms
GRATUITY TO PRIVATE SECTOR EMPLOYEES RAISED TO RS.10 LAKH
Labels: BANKING N FINANCE
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