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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.
Nov 3, 2023 · Gratuity is mandatory under Payment of Gratuity Act,1972. This is given to employees on there superannuation, retirement or resignation and death or disablement. Applicability of Gratuity. Gratuity is only applicable to employees who have completed continuous service of five years.
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 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.
Mar 26, 2012 · Applicability:- As per the Gratuity Act, the scheme for the payment of gratuity is available to: Employees engaged in factories, mines, oilfields, plantations, ports, railway companies, shops or other establishments and for matters connected therewith or incidental with.
(1) This Act may be called the Payment of Gratuity Act, 1972. (2) It extends to the whole of India: Provided that in so far as it relates to plantations or ports, it shall not extend to the State of Jammu and Kashmir. (3) It shall apply to- (a) every factory, mine, oilfield, plantation, port and railway company;
The Payment of Gratuity Act, 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.
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) :- -.
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. (a) It must be upon his retirement, or. (b) Upon his resignation or retirement, or.
Feb 1, 2019 · Applicability. The Payment of Gratuity Act, 1972 is applicable to employees engaged in factories, mines, oilfields, plantations, ports, railway companies, shops, or other establishments with 10 or more employees. Gratuity is fully paid by the employer.
