Payment of Gratuity Act

GPTKB entity

Statements (34)
Predicate Object
gptkbp:instanceOf Indian legislation
gptkbp:administeredBy gptkb:Ministry_of_Labour_and_Employment,_Government_of_India
gptkbp:amendedBy gptkb:Payment_of_Gratuity_(Amendment)_Act,_2018
gptkbp:appliesTo gptkb:government
private sector employees
ports
factories
mines
plantations
whole of India except Jammu and Kashmir
railway companies
oilfields
shops and establishments with 10 or more employees
gptkbp:dateEnacted 1972
gptkbp:enactedBy gptkb:Parliament_of_India
gptkbp:excludes Central Government may exempt any establishment
gptkbp:gratuityEligibility employee must have completed at least 5 years of continuous service
gratuity payable on superannuation, retirement, resignation, death, or disablement
gptkbp:gratuityFormula (Last drawn salary × 15/26) × number of years of service
https://www.w3.org/2000/01/rdf-schema#label Payment of Gratuity Act
gptkbp:language gptkb:Hindi
English
gptkbp:maximumGratuityLimit 20 lakh rupees (as of 2018 amendment)
gptkbp:penaltyForNonPayment imprisonment up to 2 years or fine up to 1 lakh rupees
gptkbp:publishedIn gptkb:Gazette_of_India
gptkbp:purpose to provide a scheme for payment of gratuity to employees
gptkbp:section Section 7 - Determination of the amount of gratuity
Section 2 - Definitions
Section 4 - Payment of Gratuity
Section 9 - Penalties
gptkbp:shortName gptkb:Payment_of_Gratuity_Act,_1972
gptkbp:startDate 16 September 1972
gptkbp:bfsParent gptkb:Indian_legislation
gptkbp:bfsLayer 5