this i hindi version of bonus act for preperation of ca/cma/cs student. 5 xzSP; qVh Hkqxrku vfèkfu;e] [THE PAYMENT OF GRATUITY ACT. Payment of Gratuity Act, An Act to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports. be called the Payment of Gratuity Act, (2) It extends to the whole of India: Provided that in so far as it relates to plantations or ports, it shall.
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"An Act further to amend the Payment of Gratuity Act, Be it enacted by Parliament in the Thirty-fifth Year of the Republic of India as follows: 1. (1) This Act. (1) of section 15 of the Payment of Gratuity Act, (39 of ), the Governor of or near the main entrance of the establishment in bold letters in Hindi. The Payment of Gratuity Act (The Payment of Gratuity (Amendment) Act, ) provides for the payment of gratuity to employees engaged in industries.
AK Mathur c.
Urjit Patel d. BN Krishna. Which clause will be included in the Gratuity Payment Bill ? The amount of gratuity will be increased to Rs 20 lakhs b. The gratuity amount will be tax free.
The minimum period of eligibility for gratuity will be increased to 7 years. Sign up now.
Hindi Indian Economy - Current Affairs. Payment of Gratuity Act in Hindi. Pradhanmantri Vaya Vandana Yojana in Hindi. Electoral Bond.
Merchant Discount Rate. Payment bank and MCQ.
Gratuity Explain the procedure for determination and recovery of gratuity? Determination of gratuity: A person who is eligible for payment of gratuity under this Act or any person authorised, in writing to act on his behalf shall send a written application to the employer, within such time and in such form, as may be prescribed, for payment of such gratuity.
As soon as gratuity becomes payable, the employer shall, whether an application referred to in sub-section 1 has been made or not, determine the amount of gratuity and give notice in writing to the person to whom the gratuity is payable and also to the controlling authority specifying the amount of gratuity so determined.
The employer shall arrange to pay the amount of gratuity within thirty days from the date it becomes payable to the person to whom the gratuity is payable.
If the amount of gratuity payable under sub-section 3 is not paid by the employer within the period specified in sub-section 3 , the employer shall pay, from the date on which the gratuity becomes payable to the date on which it is paid, simple interest at such rate, not exceeding the rate notified by the Central Government from time to time for repayment of long-term deposits, as that Government may, by notification specify: Provided that no such interest shall be payable if the delay in the payment is due to the fault of the employee and the employer has obtained permission in writing from the controlling authority for the delayed payment on this ground.
It includes If there is any dispute to the amount of gratuity payable to an employee under this Act or as to the admissibility of any claim of, or in relation to, an employee for payment of gratuity, or as to the person entitled to receive the gratuity, the employer shall deposit with the controlling authority such amount as he admits to be payable by him as gratuity.
Where there is a dispute with regard to any matter or matters specified in clause a, the employer or employee or any other person raising the dispute may make an application to the controlling authority for deciding the dispute. The controlling authority shall, after due inquiry and after giving the parties to the dispute a reasonable opportunity of being heard, determine the matter or matters in dispute and if, as a result of such inquiry any amount is found to be payable to the employee, the controlling authority shall direct the employer to pay such amount or, as the case may be, such amount as reduced by the amount already deposited by the employer.
Payment of gratuity: eligibility and calculation Under Section 4 , payment of gratuity is mandatory. Gratuity shall be payable to an employee on termination of employment after he has rendered continuous service for not less than 5 years in a single organisation. Retirement or Resignation. On Death or Disablement due to accident or disease.
As per Section 4 1 , the completion of continuous service of 5 years is not required where termination of employment is due to death or disablement. In such case mandatory gratuity is payable.
Gratuity is paid at a rate of 15 days wages for every completed year of service or part thereof in excess of Six months. The wages here means wages last drawn by the employee.