Search results
Results from the WOW.Com Content Network
The Payment of Gratuity Act, 1972 is an Indian law that makes companies pay a one-time gratuity to retiring employees or employees who resigns after a minimum of 5 years of service. The law applies to all companies of at least 10 employees. [1] The gratuity is 15 days' wages for every year of employee service, or partial year over six months.
The severance payment payable to an employee for any period of less than six months shall be one half of his/her monthly salary. [ 33 ] If the monthly salary of an employee is higher than 3 times local average monthly salary where the employer is located, the rate for the severance payment to be paid shall be 3 times local average monthly ...
Minimum wage (US$/month) ₹ 12,500 (US$150) /month [53] 182.5: 1242.6: Standard work day: 8 hours: 8 hours: 8 hours Minimum rest while at work: one hour per 6-hour: None: None Maximum overtime limit: 125 hours per year [attribution needed] 432 hours per year [54] None Premium pay for overtime: 100%: 50%: None Dismissal due to redundancy or ...
Before the act, the look-back period was three years. The act was designed to prevent fraud. Medicaid is, after all, designed to help people who genuinely need assistance paying for their health care.
EOBI operates on the partially funded basis. The insured person as well as the employer of the insured person are supposed to make contribution to EOBI during the period of insurable employment. Employers are supposed to pay 5% of the minimum wages prescribed by the government while employees are supposed to pay 1% of the minimum wages.
State. Free look minimum requirement . Alabama. 15 days. Free look period is only granted if the insurer fails to provide an annuity buyer’s guide and disclosure document at or before the ...
Leaving some change on the restaurant table is one way of giving a gratuity to the restaurant staff. A gratuity (often called a tip) is a sum of money customarily given by a customer to certain service sector workers such as hospitality for the service they have performed, in addition to the basic price of the service.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!