Professional Documents
Culture Documents
Gratuity Act
Gratuity Act
that is received by an
employee from his/her
employer in gratitude for
the services offered by the
employee in the company
Applicable to:
every
factory,
mine,
oilfield,
plantation, port and railway company;
on his superannuation, or
on his retirement or
resignation, or
on his death or disablement due to accident or
disease
seasonal establishment
At the rate of seven days wages for each season.
Maximum Limit Rs.3,50,000/Higher benefits can be paid if the employer so
desires.
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