The Economic Times

Providing up to Rs 20 lakh gratuity mandatory for all CPSEs from this date: Finance Ministry clarifies rules

The Department of Public Enterprises has clarified gratuity rules for Central Public Sector Enterprise employees. A Rs 20 lakh gratuity payment is now mandatory for all CPSEs from March 29, 2018, regardless of their financial capacity. This change follows an amendment to the Payment of Gratuity Act, 1972. Earlier, affordability was a condition for certain employees.