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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.
A gratuity (often called a tip) is a sum of money customarily given by a customer to certain service sector workers such as hospitality for the service they have performed, in addition to the basic price of the service.
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 eligibility criteria were relaxed in 1947 to also allow the award of the medal to officers who had served a minimum period in the ranks before being commissioned. [ 1 ] [ 2 ] [ 3 ] Since 2016, the eligibility was widened to include officers who had never served in the ranks, and so the medal can now be awarded to all regular members of the ...
Learn how to download and install or uninstall the Desktop Gold software and if your computer meets the system requirements.
(Reuters) -Grubhub settled with the U.S. Federal Trade Commission and Illinois Attorney General Kwame Raoul on Tuesday for allegedly misleading customers about order fees, adding restaurants to ...
The Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA, Pub. L. 103–353, codified as amended at 38 U.S.C. §§ 4301–4335) was passed by U.S. Congress and signed into law by U.S. President Bill Clinton on October 13, 1994 to protect the civilian employment of active and reserve military personnel in the United States called to active duty.
The Buffalo Bills entered the 2025 NFL playoffs with high expectations. They got off to a good start in their quest to meet those, winning 31-7 over the Denve r Broncos. The Bills controlled the ...