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ten lakh. In the case of seasonal establishment, gratuity is payable at the rate of seven days wages for each season. The Act does not affect the right of an.

The Payment of Gratuity Act, 1972 is an act that provides a scheme for the payment of gratuity . Gratuity shall be payable to an employee on termination of employment after he has rendered continuous service for not less than 5 years in a single . Indian labour law · Retirement in India · Acts of the Parliament of India 1972.

Feb 13, GRATUITY. Amongst a plethora of labour related statutes, is the Payment of Gratuity Act 1972 (the said Act), a labour welfare legislation which.

AAccording to the Payment of Gratuity Act, 1972, an employee is eligible . is mandated by law to pay gratuity to him or his nominee/legal heir, as the . then the assistant labour commissioner shall invest the money in his name.

(1) This Act may be called the Payment of Gratuity Act, 1972. . 1946 (20 of 1946), or under the Industrial Disputes Act, 1947 (14 of 1947), or under any other law.

Aug 21, 1972 - An Act to provide for a Scheme for the payment of gratuity to employees engaged in . law for the time being in force in relation to shops.

Jul 19, Is an employer fails to pay due gratuity even after the receipt of notice in Form-1, the claimant employee or his nominee or legal heir, may within.

'Employee' as per 'The Payment of Gratuity Act, 1972, means any person . whether the terms of such employment are express or implied and whether or not.

Nov 21, which is an extension of labour laws and it lays down the minimum benefits to be provided to the employees. It is a social security enactment.

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