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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.
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 ...
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]
4.11 Payment of Gratuity Act of 1972 [99] ... Download as PDF; Printable version ... The Payment of Wages Act regulates by when wages shall be distributed to ...
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Download as PDF; Printable version; ... Mahatma Gandhi National Rural Employment Guarantee Act, 2005; ... The Payment of Gratuity Act, 1972;