Clause H Section 2 As Per Gratuity Act 1972
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I am a student of TILS, pursuing my final year BLM.240 days gratuity calculation as we know, Total days in a year (365) - all Saturday and Sunday (104) - National and festival holidays (9) - CL or EL (12). So we get 365 - 125, which gives us 240\. (Note: I have ...
Section 4(3) of the Gratuity Act in some books speaks of the maximum ceiling of Rs. 10 lakhs, while in some books, it states that the amount of gratuity payable to an employee shall not exceed 20 months' wages. Which aspect is true?
Dear Banga,Whenever we go through any book on Law containing the bare Act and the Rules framed under the same, we have to first check the year of publication of the book and next the relevant footnote given under the section to which reference is to be made. Old...
Dear CPbanga,As of now, the ceiling of Gratuity is Rs. 10 lakhs, but the government is considering increasing it to Rs. 20 Lakhs, which will be announced soon through a notification.
Dear,As per the Gratuity Act, there is only one condition: the amount of Gratuity shall not exceed rupees ten lakhs.
Dear sir,As per the particulars furnished, the amount is Rs. 19,550 + washing allowance Rs. 2,330 (which cannot be considered as part of wages). Therefore, you must cover that employee under the ESIC.Regards,V. Subbarao
Dear All,As Washing Allowance is not considered as wages as per ESIC Act, then should Rs. 20,700 (Gross - W/A) be applicable as ESIC wages?Kindly confirm.Regards,Avishek
Dear,As per the details of the salary structure mentioned, is ESIC applicable to employees as per section 2(22)?Basic: 16100HRA: 1150TA: 3000Spl Allowance: 450Washing Allowance: 2300–-------------------------------Gross Salary: 23000-----------------------------...
URL: [Wages | Employees' State Insurance Corporation, Ministry of Labour & Employment, Government of India](http://www.esic.nic.in/wages)–-I have corrected the spelling and formatting in your provided text. If you have any other content that needs reviewing, fee...
Dear Avishek,ESIC is not applicable to the above-mentioned salary structure as the gross salary is above 21000.Regards,Manish