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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.
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 General Insurance Business ...
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]
The Social Security Code, 2020 brings unorganised sector, gig workers and platform workers under the ambit of social security schemes, including life insurance and disability insurance, health and maternity benefits, provident insurance, pension and skill upgradation, etc. [1] The act amalgamates nine central labour enactments relating to ...
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 Payment of Gratuity Act, 1972; Public Provident Fund (India) This page was last edited on 16 May 2022, at 16:51 (UTC). Text is available under the Creative ...
A universal tariff of 10% threated by Trump would impact India, Kugelman said, in part because India enjoys a trade surplus with the US. Trade between the two sides has heavily favored New Delhi ...
'Kerala land reform acts' and amendments to these act placed under Schedule 9 of the constitution. 30th: Amend article 133. [36] 9 June 1972 Change the basis for appeals in Supreme Court of India in case of Civil Suits from value criteria to one involving substantial question of law. 31st: Amend articles 81, 330 and 332. [37] 17 October 1973