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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.
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 8, 2022 · The Payment of Gratuity Act of 1972 regulates the payment of gratuities, which are defined benefits given to employees in a lump sum upon retirement. It resembles a thank-you present given to employees as a parting gesture.
[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. Short title, extent, application and commencement.-
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.
Application for gratuity.-(1) An employee who is eligible for payment of gratuity under the Act. or any person authorised. in writing, to act on his behalf, shall apply, ordinarily within thi11y clays from the date the gratuity became payablt:, in.
Payment of gratuity. Gratuity is to be paid to an employee upon termination of employment after at least five years of continuous service, which can be due to superannuation, retirement,
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 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.
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) :- - ~q41i=f ~4ltf a:Jf~f'tlf~, 1972
