Payment of gratuity act 1972 ppt

Definitions • Sec.2(e) "employee" means any person employed to do any skilled, semi-skilled, or unskilled, manual, supervisory, technical or clerical work It does not include an apprentice • For this purpose salary means only basic salary and dearness allowance (DA). No other salary components will not be considered for calculation. • Sec.2 (s) "wages" includes dearness allowance but does not include bonus, or any commission, house rent allowance, overtime wages and any other allowance Section: 4 Gratuity when is it payable ?  (1) Gratuity shall be payable to an employee on the termination of his employment after he has rendered continuous service for not less than five years, - (a) on his superannuation, or (b) on his retirement or resignation, or (c) on his death or disablement due to accident or disease:  Note :- The completion of continuous service of five years shall not be necessary where the termination of the employment of any employee is due to death or disablement:

PAYMENT OF GRATUITY ACT- 1972 • ACT ,1972 PRESENTED BY NAVEEN S • ? Gratuity is a sum of money paid by an employer to its employee at the end of the period of his/her employment as a mark of recognition for contributing to the company. In other words, it is one of the retirement benefits offered by an employer to an employee upon Retirement / leaving a job. For Government employees , whole amount of gratuity is exempted while for others exemption is as per section10(10) of Income Tax Act,1961. • ACT • It depends on two factors: • First, he should be employed in the establishment in which the act applies according to sec.1(3): • Every factory, Mine, oilfield, plantation, port and railway company; - Every industry or establishment within the meaning of law, in relation of shops and establishment of state, in which 10 or more people employed or were employed or people on any day of preceding 12 months; • As per the notification of central govt. in this behalf. • BE EMPLOYEE AS PER SEC 2(E) • Employees means any person (other than apprentice) employed on wages on the establishment to do any skilled, semiskilled, unskilled, manual or supervisory, technical or clerical work. And now with new amendment, the definition has been broad based as to include any person, employed to do any kind of work.Thus the definition includes a teacher as an employee under the Act. • PAYABLE • According to sec. 4(1) of this act, Gratuity is paid to employees after rendering continuous service of 5 ...

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