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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.
(ii) 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; (iii) 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 ...
Newspapers (Price Control) Act: 1972: 15 Departmental Inquiries (Enforcement of Attendance of Witnesses and Production of Documents) Act: 1972: 18 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
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]
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.
The bill received the presidential assent on 28 September 2020, and section 142 of the Act has come into force on 3 May 2021. [5] As per notification dated 3rd May 2023 issued by Ministry of Labour and Employment , Government of India several sections of the code pertaining to Employees Pension Scheme and Employees Provident Fund Scheme came ...
The Minimum Wages (Tamil Nadu Amendment) Act, 1981; The Mother Teressa Women's University (Amendment) Act, 2002; The Motor Transport Workers (Tamil Nadu Amendment) Act, 1975; The Motor Vehicles (Tamil Nadu Amendment) Act, 1948; The Muslim Personal Law (Shariat) Application (Tamil Nadu Amendment) Act, 1949; The Nilgiris Game and Fish ...
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