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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.
any Act of a Legislature subject to the condition that such Act is reproduced or published together with any commentary thereon or any other original matter; the report of any committee, commission, council, board or other like body appointed by the government if such report has been laid on the Table of the Legislature, unless the reproduction ...
The Payment of Gratuity Act 1972 applies to establishments with 10 or more workers. Gratuity is payable to the employee if he or she resigns or retires. The Indian government mandates that this payment be at the rate of 15 days salary of the employee for each completed year of service subject to a maximum of ₹ 2000000. [24]
Architects Act: 1972: 20 Taxation Laws (Extension to Jammu and Kashmir) Act: 1972: 25 National Service Act: 1972: 28 Delhi Lands (Restriction on Transfer) Act: 1972: 30 Payment of Gratuity Act: 1972: 39 Diplomatic Relations (Vienna Convention) Act: 1972: 43 Antiquities and Art Treasures Act: 1972: 52 Wild Life (Protection) Act: 1972: 53
This is a category of articles concerning acts of Parliament (laws enacted by the Parliament of India in 1972). For more general discussion of Indian legal topics, see Category:Law of India and its other subcategories.
This Act amended the Fourth Schedule to the constitution by adding a new paragraph 18 thereto, which provided that all amendments, additions, modifications, substitutions and omissions made in the constitution during the period between 15 August 1975 and 9 April 1979 (both days inclusive) by any Proclamation or Proclamation Order of the Martial ...
The Bangladesh Shipping Corporation Order, 1972 (President's Order) [Repealed] The Bangladesh (Legal Proceedings) Order, 1972 (President's Order) The Bangladesh Abandoned Property (Control, Management and Disposal) Order, 1972 (President's Order) The Bangladesh (Adaptation of Insurance Act) Order, 1972 (President's Order)
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