SECURITY & GRATUITY Good News For Employees IBiztak

Several reports claim that Narendra Modi government at the Centre will reduce the eligibility for gratuity payment to employees from five years to one. This may happen through a Bill on Social Security expected to be introduced by the Government…

SECURITY & GRATUITY Good News For Employees IBiztak

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Several reports claim that Narendra Modi government at the Centre will reduce the eligibility for gratuity payment to employees from five years to one. This may happen through a Bill on Social Security expected to be introduced by the Government in Parliament in the Winter Session. However, the government has not formally made any announcement regarding reducing the eligibility from five years to one. There is also no confirmation on whether the Government will introduce such Bill in the upcoming session of Parliament.

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