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The wages here means wages last drawn by the employee. The "15 days' wages" will be calculated by dividing the last drawn wages by 26 and multiplying the result with 15. But under Section 4(3), the maximum gratuity that is payable is fixed at ₹20,00,000. Any gratuity amount paid in excess of ₹20,00,000 is taxable in the employee's hands. [4]
The Payment of Gratuity Act 1972 applies to establishments with 10 or more workers. Gratuity is payable to the employee if he or she resigns or retires. The Indian government mandates that this payment be at the rate of 15 days salary of the employee for each completed year of service subject to a maximum of ₹ 2000000. [24]
Dearness Allowance (DA) is a cost-of-living adjustment, an increase made to the basic pay of government officials and public sector workers’ employees. Public sector unit employees are also government employees, but not civil servants. Some private sector employees and civil servant, are pensioners in India.
The state has a relatively high government employee ratio and 63% of its revenue receipts is spent towards payment of salaries and pensions to government employees. [33] On 3 March 2023, the state government declared that there will be no deduction in salaries towards NPS accounts of 1.36 lakh employees effective from April and those who were ...
Government employees in the India are entitled to following benefits: [4] [5] Pension; Leave encashment; Gratuity on Death; Medical facilities under Union Government Health Scheme; Single male employees and female employees in the Union government are eligible for child care leave for 730 days. [6]
Waged employees may also receive tips or gratuity paid directly by clients and employee benefits which are non-monetary forms of compensation. Since wage labour is the predominant form of work, the term "wage" sometimes refers to all forms (or all monetary forms) of employee compensation.
The US Government recognizes tips as allowable expenses for federal employee travel. [121] However, US law prohibits federal employees from receiving tips under Standards of Ethical Conduct. Asking for, accepting or agreeing to take anything of value that influences the performance of an official act is not allowed.
The Sixth Central Pay Commission created twenty distinct ranks (pay grades) in the Government hierarchy. It was intended that an employee's status [4]: p 1–2 and seniority of post would be determined. [2]: para 2.2.11 The pay grades were intended to make "pay scales ... irrelevant for purposes of computing seniority".