Enhancement of Gratuity on account of Dearness Allowance rising by 50%
Contents News/Article Date: 30th April 2024
Relating to which Act: Jam Payment of Gratuity Act, 1972
Penalty under the Act – An employer who contravenes any provisions of the Act shall be liable for imprisonment for a term of not less than three months but which may extend to one year or with fine which shall not be less than ten thousand rupees but which may extend to twenty thousand rupees or with both.
Applicable to which State: Whole of India
Type: Ministry of Labour & Employment, Government of India, EPFO Office Order No. HRD/1/8/2024/Misc/Circulars/Part 1/ 1004 issued by Additional Central PF Commissioner (HR)
Pertains to: Establishments and Employees to whom the Act is applicable
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And in the current instance
Accordingly, the maximum limit of retirement gratuity and death gratuity shall be increased by 25% to Rs.25 lakh from the existing Rs. 20 lakh on account of the revision of Dearness Allowance payable to Central Government employees to 50% of the basic pay wef 1/1/2024 subject to other conditions
Subject Enhancement of Gratuity on account of Dearness Allowance rising by 50%En
