Statements (28)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Employee Benefit
|
| gptkbp:administeredBy |
Employer
|
| gptkbp:appliesTo |
gptkb:India
Establishments with 10 or more employees |
| gptkbp:benefit |
Employee
|
| gptkbp:canBeForfeited |
Yes, in case of misconduct
|
| gptkbp:compatibleWith |
Apprentices
|
| gptkbp:covers |
Permanent employees
|
| gptkbp:eligibility |
Minimum 5 years of continuous service
|
| gptkbp:form |
(Last drawn salary × 15/26) × number of years of service
|
| https://www.w3.org/2000/01/rdf-schema#label |
Gratuity Scheme
|
| gptkbp:legalProvision |
Section 4 of Payment of Gratuity Act, 1972
|
| gptkbp:maximumLimit |
20 lakh INR (as per 2024)
|
| gptkbp:nomineeAllowed |
Yes
|
| gptkbp:objective |
Social security
Employee welfare |
| gptkbp:paymentOccasion |
death
Resignation Retirement Disablement |
| gptkbp:paymentTime |
Within 30 days of becoming payable
|
| gptkbp:pays |
Employer
|
| gptkbp:purpose |
Financial security for employees
|
| gptkbp:regulates |
gptkb:Payment_of_Gratuity_Act,_1972
|
| gptkbp:taxStatus |
Tax-free up to specified limit
|
| gptkbp:transferredTo |
No
|
| gptkbp:bfsParent |
gptkb:Central_Government_Employees_Gratuity_Scheme
|
| gptkbp:bfsLayer |
7
|