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An Act to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports, railway companies, shops or other establishments and for matters connected therewith or incidental thereto.
[21st August, 1972] An Act to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports, railway companies, shops or other establishments and for matters connected therewith or incidental thereto. Be it enacted by Parliament in the Twenty-third Year of the Republic of India as follows:-
The Act provides for payment of gratuity at the rate of 15 days wage s for each completed year of service subject to a maximum of Rs. ten lakh. In the case of seasonal establishment, gratuity is payable at the rate of seven days wages for each season.
The Payment of Gratuity Act, 1972 is an Indian law that makes companies pay a one-time gratuity to retired employees or an employee who resigns after a minimum of 5 years of service. The law applies to all companies of at least 20 employees.
The Payment of Gratuity Act, 1972 is an act that makes the payment of gratuity mandatory for employers to their employees. Employees working in mines, oilfields, railways, factories, ports, and shops or establishments are covered under this Act and stand to benefit from its provisions.
Nov 8, 2022 · A gratuity must be paid to an employee upon termination of employment if he or she has provided continuous service for five years or more, according to Section 4(1) of the Payment of Gratuity Act of 1972.
Jury: 2, 1975/ Jya(stha 12, 1897 (Saka) The following translation in Hindi of the Payment of Gratuity Act, 1972, is hereby published under the authoiity of the President and shall be deemed to be the authoritative text thereof in Hindi under clause (a) of sub-section (.1 of section 5 of the Official Languages Act, 1963 ( l9 of 1963) :- -.
An Act to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports, railway companies, shops or other establishments and for matters connected therewith or incidental thereto.
The PAYMENT OF GRATUITY ACT, 1972. Contains all Enforced Central and State Acts linked with Subordinate Data like Rules,Regulations,Notifications,Orders,Circulars,Ordinances,Statutes.
Sep 20, 2015 · Gratuity is paid to an employee when he either retires or his employment is terminated or he resigns or upon his death. Gratuity is given the force of law by the Payment of Gratuity Act 1972, which is further administered and enforced by the Central Government and the designated establishments under its control. APPLICABILTY OF THE GRATUITY ACT
