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Overview of the Payment of Gratuity Act by Aus is a document available to read on EtoBox.

The Payment of Gratuity Act, 1972 provides for a scheme of compulsory payment of gratuity to employees in factories, mines, oilfields, plantations, ports, and other establishments. Some key points: 1) Gratuity is payable to employees who have worked continuously for 5 or more years on superannuation, retirement, resignation, or death/disablement. 2) Gratuity amount is calculated based on 15 days wages for each completed year of service (subject to a maximum of Rs. 3.5 lakhs). 3) Employers must determin

Author

Aus

Language

EN