PAYMENT OF GRATUITY ACT, 1972

Applicability:
Every factory, Mine, Oil field, P lantation, port, railway, company, shop, establishment or educational institutions employing 10 or more employees, Sec-1

Eligibility: Gratuity shall be payable to an employee on separation from employment due to any of the following reasons, after he has rendered continuous service for not less than five years:
On his superannuation, or
On his retirement / resignation, or
On his death or disablement due to accident or disease

Nomination: To be obtained by employer after expiry of one year's service, in Form-F. Sec.6, Rule 6

Maximum Limit: Payment of Gratuity not to exceed Rs.10,00,000/-. Sec-4(3)

Display of Notice: On conspicuous place at the main entrance in English language or the language understood by majority of employees of the factory. Etc. Rule.4

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