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 ...

Gratuity is a payment given by an employer to an employee who has served the organization for at least five years upon leaving the job. It can be seen as a monetary token of appreciation from the ...

With employee unions and pensioner bodies submitting their recommendations, gratuity has emerged as one of the biggest ...

The new labour codes, which were implemented from 1 April, have introduced significant changes to provident fund, salary and gratuity payments among others. Under the new labour codes, the Centre has ...

Under the Payment of Gratuity Act of 1972, employees are entitled to receive gratuity after completing 5 years of continuous service with an employer. Organisations employing 10 or more individuals ...