Gratuity payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2013
What is the statutory time limit for payment of Gratuity.
Thanks & Regards
Anjana Sehgal
Thanks & Regards
Anjana Sehgal
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
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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