Hi! There is change in Gratuity Act 1972 as amended by Payment of Gratuity (Amendment) Act, 2018 brought in force on 29th March, 2018 a good news for private sector employees. Gratuity Exemption limit is increased to double. Payment of Gratuity (Amendment) Act, 2018 brought in force on 29th March, 2018 Decision: The Payment of Gratuity (Amendment) Bill, 2018 has been passed by Lok Sabha on 15 th March, 2018 and by the Rajya Sabha on 22 nd March, 2018, has been brought in force on 29 th March, 2018. Background : The Payment of Gratuity Act, 1972 applies to establishments employing 10 or more persons. The main purpose for enacting this Act is to provide social security to workman after retirement, whether retirement is a result of superannuation, or physical disablement or impairment of vital part of the body. Therefore, the Payment of Gratuity Act, 1972 is an important social security legislation to wage earning population in industries,...