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PAYMENT OF GRATUITY ACT, 1972
The Payment of Gratuity Act, 1972 functions as a retirement benefit because the sum of accumulated amount is paid to the Employee after his retirement. The Supreme Court of India, in a case, referred to the Gratuity Act, stating that ...that after a certain period of working for a particular company, the Employee is entitled to claim for the retirement benefit...
The Payment of Gratuity Act, 1972 was passed by the Indian Parliament on 21st August of 1972.
PAYMENT OF GRATUITY ACT, 1972
The Payment of Gratuity Act, 1972 functions as a retirement benefit because the sum of accumulated amount is paid to the Employee after his retirement. The Supreme Court of India, in a case, referred to the Gratuity Act, stating that ...that after a certain period of working for a particular company, the Employee is entitled to claim for the retirement benefit...
The Payment of Gratuity Act, 1972 was passed by the Indian Parliament on 21st August of 1972.