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1. Definitions. - In these rules, unless there is anything repugnant in the subject. or context,- "Act" means the Payment of Gratuity Act, 1972 (39 of 1972); "Appt:!llate authority" means the Central Govemment or the authority specitied by the Central Government under sub-section (7) of section 7; "Form" means a form appended to these wles;
THE PAYMENT OF GRATUITY (CENTRAL) RULES, 19721. In exercise of the powers conferred by sub-section (1) of section 15 of the Payment of Gratuity Act, 1972 (39 of 1972), the Central Government hereby makes the following rules, namely:— Short title and commencement.— These rules may be called the Payment of Gratuity (Central) Rules, 1972.
(1) These rules may be called the Payment of Gratuity (Central) Rules, 1972. (2) These rules shall come into force on the 16th September, 1972; 2. Definitions. -In these rules, unless there is anything repugnant in the subject or context,-(a) "Act" means the Payment of Gratuity Act, 1972 (39 of 1972); (b) "Appellate authority" means the Central ...
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 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.
Nov 3, 2023 · Payment of Gratuity. The gratuity payable under the Act shall be paid in cash or in Demand Draft or bank cheque to the eligible employee, nominee or legal heir. Companies have two options which is funded gratuity or unfunded gratuity. Funded gratuity is also known as Approved Gratuity Trust. Taxation rules of Gratuity
Sep 24, 2024 · The Payment of Gratuity Act, 1972 is the primary legislation governing gratuity payments in India. This Act covers employees engaged in factories, mines, oilfields, plantations, ports, railways, shops, or establishments where ten or more employees are employed.
In exercise of the powers conferred by sub-section (1) of Section 15 of the Payment of Gratuity Act, 1972 hereby makes the following (39 of 1972) the Central Government rules, namely: 1. Short title and commencement (1) These rules may be called the Payment of Gratuity (Central) Rules, 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
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.
