Fri, Mar 29, 2024
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 employee is entitled to gratuity after five years of service. If an employee dies due to an accident or becomes disabled and is unable to work again, the gratuity amount is paid to their nominee or dependent.
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Wed, Dec 20, 2017
As per the bill, the gratuity limit of the private sector employees will be raised to Rs 20 lakh in line with that in the government sector. Labour minister Santosh Kumar Gangwar introduced the Payment of Gratuity (Amendment) Bill, 2017 in the House.
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