{"id":61061,"date":"2018-05-28T12:36:22","date_gmt":"2018-05-28T07:06:22","guid":{"rendered":"https:\/\/www.vskills.in\/certification\/tutorial\/?p=61061"},"modified":"2024-04-12T14:21:13","modified_gmt":"2024-04-12T08:51:13","slug":"payment-of-gratuity-act-1972","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/payment-of-gratuity-act-1972\/","title":{"rendered":"Payment of Gratuity Act, 1972"},"content":{"rendered":"\n

Go back to Tutorial<\/a><\/p>\n\n\n

Certify and Increase Opportunity.<\/span>\nBe <\/span>\nGovt. Certified labour law analyst<\/span><\/a><\/pre>\n
Payment of Gratuity Act, 1972<\/strong><\/h2>\n
The definition of Gratuity \u2013 it\u2019s a defined as a benefit plan given by the employer to the employee. For rendering five years of service, continuously or more. They usually provide it at the time of retirement, and it\u2019s a monetary benefit. Although to receive this benefit there are certain rules. Thus to make an employee eligible, for receiving gratuity before the age of retirement or superannuation. Therefore payment of Gratuity Act, 1972, came into existence.<\/p>\n
Thus, according to the Payment of Gratuity Act, 1972, an employee is only eligible to receive gratuity when he has rendered a five years continuous service with an organisation. This gratuity is payable to the employee on his retirement from the work or the superannuation.\"Payment<\/a><\/p>\n
However, there is an exception which states that the condition of five years continuous service isn\u2019t applicable. If, termination of an employee’s services happens. Due to any of the reasons- his death or has got any disability due to an accident or a disease. Then the employer is liable to pay gratuity to him, legal heir, or the nominee, under the law. In this situation number of continuous service done by the employee doesn\u2019t count.  Although, if the nominee of the employee is a minor, then The Law further states: The assistant labour commissioner has to invest the money in the name of the minor nominee. In a term deposit with a nationalised bank or the State Bank of India.<\/p>\n
For certification in Labour Law Analyst visit \u2013<\/strong><\/p>\n
Government certification<\/a><\/p>\n\n\n
Go back to Tutorial<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
Go back to Tutorial Certify and Increase Opportunity. Be Govt. Certified labour law analyst Payment of Gratuity Act, 1972 The definition of Gratuity \u2013 it\u2019s a defined as a benefit plan given by the employer to the employee. For rendering five years of service, continuously or more. They usually provide it at the time of…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[6299,37],"tags":[7606,6249,6250,6248,6252,6251,7531,7532,3589,7605,6246,6074],"class_list":["post-61061","page","type-page","status-publish","hentry","category-labour-law-analyst","category-legal","tag-7606","tag-labour-law-certificate","tag-labour-law-certificate-online","tag-labour-law-certification","tag-labour-law-course","tag-labour-law-in-india","tag-labour-law-pdf","tag-labour-law-tutorials-2018","tag-online-certification","tag-payment-of-gratuity-act","tag-tutorials-on-labour-law","tag-vskills-certification"],"acf":[],"yoast_head":"\nPayment Of Gratuity Act, 1972 | Labour Law | Vskills tutorials<\/title>\n<meta name=\"description\" content=\"Learn more about Payment Of Gratuity Act, 1972, is defined as a benefit plan given by the employer to the employee. 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