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Gratuity payment

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Querist : Anonymous (Querist)
24 September 2013 What is the statutory time limit for payment of Gratuity.

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Anjana Sehgal
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
24 September 2013 Payment of Gratuity within 30 days from the Date of gratuity becomes payable...

The interest Rate to be applied on delayed payment of gratuity is 10%.

Employees who do not receive their gratuity within 30 days (from the date on which it becomes payable) are entitled to get the money along with simple interest from the due date to the date of actual payment
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