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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.
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]
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 (Nationalisation) Act: 1972: 57 Former Secretary of State ...
Amendment to negate judicial pronouncements on scope and applicability on Sales Tax. Zail Singh: 47th: Amend schedule 9. [55] 26 August 1984 Place land reform acts and amendments to these act under Schedule 9 of the constitution. 48th: Amend article 356. [56] 1 April 1985 Article 356 amended to permit President's rule up to two years in the ...
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Sep. 21—LOCKPORT — Daniel Warmus runs a YouTube page, "Erie County Auditor," that shows him going into government buildings with a camera and recording public areas. He calls himself a First ...
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.
Long title: An Act to make provision for and in connection with limiting the value of the benefits which may be provided under so much of any scheme under section 1 of the Superannuation Act 1972 as provides by virtue of section 2(2) of that Act for benefits to be provided by way of compensation to or in respect of persons who suffer loss of office or employment; and to make provision about ...