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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.
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.
This average amount will be calculated dividing the lump sum by the service years with the current employer, and will be taxed as monthly salaries. For the number of service years with the current employer, the actual number of years should be considered. If the number of years is more than 12, only 12 will be considered. [citation needed]
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The tipped wage is base wage paid to an employee in the United States who receives a substantial portion of their compensation from tips.According to a common labor law provision referred to as a "tip credit", the employee must earn at least the state's minimum wage when tips and wages are combined or the employer is required to increase the wage to fulfill that threshold.
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Specifically, scientists found that people over the age of 40 could live an extra 5.3 years if they were as active as the top 25 percent of the population. In terms of exercise, the most active ...
A worker shall have a right to 20 days of leave for each year of work. A worker employed in work which is arduous or harmful to health shall have a right to 30 days of paid leave for each year of work. The length of a worker's annual leave shall be increased by 2 days after every additional 5 years of continuous service with the same employer ...