The Payment and Gratuity Act applies to all factories, mines, oilfields, plantation, ports, and railways. In addition to this, it also applies to every shop and establishments employing 10 or more ...

According to the Gratuity Payment Act 1972, any company, factory, or institution, where 10 or more employees have worked on any one day in the last 12 months comes under the Gratuity Payment Act. An ...

Salaried employees are eligible for gratuity under the Payment of Gratuity Rules, 1972, after completing 4 years and 240 days of continuous service. Gratuity is calculated based on the final drawn ...

Gratuity New Rule EXPLAINED: Under the Payment of Gratuity Act, 1972, Gratuity is paid to the employee by the employer as a reward for their continuous service of five years. However, a new gratuity ...

The Payment of Gratuity Act, of 1972, protects employees' right to receive a lump sum payment (gratuity) from their employer when they leave their job. This law ensures that employers pay gratuity on ...

What is gratuity? When is it received? Gratuity is a form of payment that employers make to their employees, acknowledging their loyalty, dedication and services rendered to the company. Gratuity is ...