Back

Payment of Gratuity (Amendment) Act, 2010

Year : 2010

[Act No. 15 of 2010] [17th May, 2010]

PREAMBLE

An Act further to amend the Payment of Gratuity Act, 1972.

Be it enacted by Parliament in the Sixty-first Year of the Republic of India as follows:-

Section -1 Short title and commencement

(1) This Act may be called the Payment of Gratuity (Amendment) Act, 2010.

(2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

Section -2 Amendment of section 4 of Act 39 of 1972

In section 4 of the Payment of Gratuity Act, 1972, in sub-section (3), for the words "three lakhs and fifty thousand rupees", the words "ten lakh rupees" shall be substituted.