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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]
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.
Being forced to leave a gratuity before a service is rendered, playing sneaky numbers games, and asking for a gratuity for no service is enough to upset even the most generous tipper.
How to determine a proper tip may be considered one of life's mysteries. Is it 10%, 18%, or 20% of the bill? Do you give an additional tip when the tip is already included in the bill, and how do ...
The concept of tipping, or gratuity, has been around for generations. Back in the Middle Ages, tipping was a custom practiced by Europeans. Basically, masters would tip their servants for excellent...
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 Diplomatic Relations (Vienna Convention) Act: 1972: 43 Antiquities and Art Treasures Act: 1972: 52 Wild Life (Protection) Act: 1972: ...
4.11 Payment of Gratuity Act of 1972 [99] 5 Economists' criticisms. ... Please help update this article to reflect recent events or newly available information.