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an brief of Gratuity Act
Payment of gratuity act 1972
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Payment of Gratuity Act, 1972
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Application of the Act When gratuity is payable Amount of gratuity payable Power of exempted Obligations and rights of the employer Penalties Sec.2(e) "employee" means any person employed to do any skilled, semi-skilled, or unskilled, manual, supervisory, technical or clerical work it does not include an apprentice Sec.2 (s) "wages" includes dearness allowance but does not include any bonus, commission, house rent allowance, overtime wages and any other allowance.
The payment of gratuity act,1972
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This Act applies to wages payable to an employed person in respect of a wage period if such wages for that wage period do not exceed. Six thousand five hundred rupees per month or such other higher sum which, on the basis of figures of the Consumer Expenditure Survey published by the National Sample Survey Organization, the Central Government may after every five years, by notification in the Official Gazette, specify.
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an brief of Gratuity Act
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Application of the Act When gratuity is payable Amount of gratuity payable Power of exempted Obligations and rights of the employer Penalties Sec.2(e) "employee" means any person employed to do any skilled, semi-skilled, or unskilled, manual, supervisory, technical or clerical work it does not include an apprentice Sec.2 (s) "wages" includes dearness allowance but does not include any bonus, commission, house rent allowance, overtime wages and any other allowance.
The payment of gratuity act,1972
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This Act applies to wages payable to an employed person in respect of a wage period if such wages for that wage period do not exceed. Six thousand five hundred rupees per month or such other higher sum which, on the basis of figures of the Consumer Expenditure Survey published by the National Sample Survey Organization, the Central Government may after every five years, by notification in the Official Gazette, specify.
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Useful for Law students, MBA- HR students, CS Students, Employees , Employer. I have also mentioned a list of forms generally used during gratuity. Every body should be aware of do's and don't. Knowledge of your rights makes you powerful. Application of the Act When gratuity is payable Amount of gratuity payable Forfeiture of gratuity Obligations and rights of the employer Compliance under the Act reference: http://blog.simplycareer.net/2013/06/gratuityact.html I have also refereed other sites and text books.
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Useful for Law students, MBA- HR students, CS Students, Employees , Employer. I have also mentioned a list of forms generally used during gratuity. Every body should be aware of do's and don't. Knowledge of your rights makes you powerful. Application of the Act When gratuity is payable Amount of gratuity payable Forfeiture of gratuity Obligations and rights of the employer Compliance under the Act reference: http://blog.simplycareer.net/2013/06/gratuityact.html I have also refereed other sites and text books.
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Gratuity is an old age retiral social security benefit. It is a lump sum payment made by an employer to an employee in consideration of his past service when the employment is terminated. In the case of employment coming to an end due to retirement or superannuation, it enables the affected employee to meet the new situation which quite often means a reduction in earnings or even total stoppage of earnings. In the case of death of an employee, it provides much needed financial assistance to the surviving members of the family. Gratuity schemes, therefore, serve as instruments of social security and their significance in a developing country like India where the general income level is low cannot be over emphasised. Presentation will be useful for industry practitioners, students as well as auditors. It provides a quick and easy reference to all the operational provisions of the act.
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Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104
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Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
The Payment of Gratuity Act, 1972
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THE PAYMENT OF
GRATUITY ACT, 1972 Presented By: Piyush Sanghi CA- PCC
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