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The Payment of Gratuity Act, 1972 is an Indian law that makes companies pay a one-time gratuity to retiring employees or employees who resigns after a minimum of 5 years of service. The law applies to all companies of at least 10 employees. [1] The gratuity is 15 days' wages for every year of employee service, or partial year over six months.
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]
The Act was modified to require companies to pay a minimum bonus, even if the employer suffers losses during the accounting year. This minimum is currently 8.33 percent of the salary. Payment of Gratuity Act of 1972 [ 99 ]
1972; 1973; 1974; 1976; ... The Payment of Gratuity Act, 1972; W. Wild Life (Protection) Act, 1972 This page was last edited on 21 August 2015, at 22:07 (UTC ...
1972: 18 Architects Act: 1972: 20 Taxation Laws (Extension to Jammu and Kashmir) Act: 1972: 25 National Service Act: 1972: 28 Delhi Lands (Restriction on Transfer) Act: 1972: 30 Payment of Gratuity Act: 1972: 39 Diplomatic Relations (Vienna Convention) Act: 1972: 43 Antiquities and Art Treasures Act: 1972: 52 Wild Life (Protection) Act: 1972: ...
An automatic gratuity means that the restaurant has added a service fee to compensate the server. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 ...
The Tamil Nadu Pawn Brokers Act, 1943; The Tamil Nadu Payment of Salaries Act, 1951; The Tamil Nadu Payment of Subsistence Allowance Act, 1981; The Tamil Nadu Physical Education and Sports University Act, 2004; The Tamil Nadu Places of Public Resort Act, 1888; The Tamil Nadu Preservation of Private Forests (Continuance) Act, 1965
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