I wish to know the basic wages limit for applicability of Payment of Gratuity Act 1972.
Also the same for application of ESI and PF. And the rate for ESI.
Regards,
Menu
Some basic queries on esi, pf,gratuity
Replies (1)
The basic wages limit for applicability of Payment of Gratuity is a lump sum payment to employee when he retires or leaves service. This is a one of the retirement benefit to an employee so that he can live life comfortably after retirement. Under Gratuity Act, gratuity is payable even to an employee who resigns after completing at least 5 years of service then after it's applicable for PF and ESI benefits.
Thanks..
911lawsuitloans.com
Recent Threads
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
- Share sale by promoter of public limited company
- Individual working for a firm to take sales orders
- BIN view site not working
- Settlement of advance by customer
Related Threads
CAclubindia
