The payment of gratuity act, 1972 1. Gratuity payments in India are governed by the rules and requirements set out in the Payment of Gratuity Act, 1972. The Bill seeks to amend Payment of Gratuity Act, 1972 on two issues related to maternity leave and ceiling of gratuity payable to an employee. Text Search: 20 Record(s) | Page [1 of 2] Section - 1. 39 OF 1972 [21st August, 1972.] On what grounds an employee will be disqualified from getting bonus? The Payment of Gratuity Act has been amended from time to time to bring it in tune with the prevailing situation. Time when Gratuity becomes payable: – As per section 4(1) of payment of gratuity Act 1972, gratuity shall be payable to an employee on termination of his employment after he has rendered continuous service of five years or more. In India, gratuity is a type of retirement benefit. Payment of Bonus Act, 1965 - MCQs with answers - Part 2 1. a. This Act may be called the Payment of Gratuity Act, 1972. EduRev is like a wikipedia just for education and the Penalties - Payment of Gratuity Act(1972), Industrial Laws B … Applicability. MCQ’s In Labour Laws With Answers Speak HR. ANSWER: d. All of the above . Introduction “Gratuity” is a retirial benefit which is paid by an employer to an employee in consideration of his past services at the time of his retirement or after his death. An Act to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports, Railway companies, shops or other establishments. Protection of gratuity.—No gratuity payable under this Act 39 [and no gratuity payable to an employee employed in any establishment, factory, mine, oilfield, plantation, port, railway company or shop exempted under section 5] shall be liable to attachment in execution of any decree or order of any civil, revenue or criminal court. This Act may be cited as the Payment of Gratuity Act… This Act provides a social security cause with it and has been enacted from the word “gratuitous”. Payment of Gratuity .. • iv. Trade Dispute Act, 1929. b. You may also Like: Purpose and Functions of Labour Legislation. • ii . No comments. Gratuity is the part of the salary that is received by the employee for the services rendered by the employees in an organization. b) On his retirement or resignation, or . 527 PAYMENT OF GRATUTY AN ACT TO PROVIDE FOR THE PAYMENT OF GRATUITY BY EMPLOYERS TO THEIR WORKMAN, FOR THE AMENDMENT OF THE LAND ACQUISITION ACT, THE LAND REFORM LAW AND THE INDUSTRIAL DISPUTES ACT, AND FOR MATTERS CONNECTED THEREWITH OR INCIDENTAL THERETO. A retrenched employee is also eligible for gratuity. One thought on “ PAYMENT OF GRATUITY ACT, 1972 ” Ratna mishra says: Great experience while solving. November 26, 2019 at 8:19 am . 3. Payment of Gratuity Act Current Affairs - 2020. Section 13 in The Payment of Gratuity Act, 1972 13. Fraud b. Riotous or violent behaviour while on the premises c. Theft, misappropriation or sabotage of any property of the establishment d. All of the above View Answer / Hide Answer . The first noticeable change under the Code is the addition of two extra clauses to the provision on payment of gratuity. Payment of Gratuity Act, 1972. The Payment of Gratuity Act,1972 was enacted with sole objective of providing gratuity i.e., a monetary award given for services rendered to the employees working in the factories, oilfields, mines, plantations, railway companies, shops or other establishments upon their superannuation (e.g.,old age retirement amount,etc. Name * Email * Website. Application No. At the time of retirement, resignation or superannuation, an employee should have rendered continuous services of not less than 5 years. Posted by CompliFact Editor on August 25, 2016. Labour Laws Blogspot Com. MCQ’s on Contract Labour Act 1970 with answers. Payment of Gratuity Act, 1972 Section: 3 Controlling authority The appropriate Government may, by notification, appoint any officer to be a controlling authority, who shall be responsible for the administration of this Act and different controlling authorities may be appointed for different areas. Where an employee’s resignation has not been accepted, then that employee is not eligible to claim gratuity. Recently the Act has been amended twice to enhance the ceiling on amount of gratuity as well as to widen the scope of the definition of “employee” under section 2 (e) of the Act. Leave a Reply Cancel reply. 2 The Payment of Gratuity Act, 1972 1 THE PAYMENT OF GRATUITY ACT, 1972 Sec. c. Industrial Relation Act. March 23, 2018. Income Tax Department > Tax Laws & Rules > Acts > Payment of Gratuity Act, 1972 Income Tax Department > All Acts > Payment of Gratuity Act, 1972 Choose Acts: Section No. [NO. What is gratuity? As per the Gratuity Act, employer who employs ten or more than ten employees on any day of proceeding one year need to pay gratuity to his employees. The gratuity is payable on superannuation or retirement as well as on resignation of the employee. Second is the Chhattisgarh Rajya Gramin Bank (Officers & Employees)Service Regulations, 2013 (hereinafter referred as “the Regulations of 2013”). The Payment of Gratuity Act, 1972: Long Title: An Act to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports, railway companies, shops or other establishments and for matters connected therewith or incidental thereto. Company … ACT NO. 1969. It extends to the whole of India. ), retirement, resignation, death or disablement. To which organization gratuity is applicable? Once a person works for more than 5 years in an organisation, he/she becomes eligible to receive gratuity. WORKMEN COMPENSATION ACT, 1923 . The Payment of Gratuity Act, 1972 is largely based on Kerala Industrial Employees Payment of Gratuity Act, 1972. • ii. Under the gratuity act 1972, every establishment with more than 10 employees has to provide gratuity to its employees. The Payment of Gratuity Act 1972 (The Payment of Gratuity (Amendment) Act, 2018) The employee on termination of his employment from the specified establishment becomes entitled for payment of gratuity from his employer provided he has rendered continuous service of not less than five years. It is a retirement benefit plan offered by employers payable to the employee upon leaving the job. Short title, extent, application and commencement. Be it enacted by Parliament … Parliament passes Payment of Gratuity (Amendment) Bill, 2017. Payment of Gratuity Act. An Act to provide for a scheme for the payment of gratuity to employees engaged in … The Payment of Gratuity Act, 1972. The Payment of Gratuity Act, 1972 is an act to provide gratuity to the employees working in factories, oil fields, plantations, ports, etc.. Your email address will not be published. 2. Applicable to all companies including shops, … The Payment of Gratuity Act was enacted in 1972 and applies to every shop or establishment within the meaning of law for the time being in force in a State in which 10 or more persons are employed or were employed on any day of the preceding 12 months. The earliest Indian statute to regulate the relationship between employer and his workmen was _____ a. Reforms to Payment of Gratuity Act, 1972. First is the Payment of Gratuity Act, 1972 which is a central Act (hereinafter referred as “the Act of 1972”). Payment of Gratuity Act, 1972. a) On his superannuation, or. An Act to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports, railway companies, shops or other establishments and for matters connected therewith or incidental thereto. Question Bank Mcqs 178 Wage Employment Scribd. The Parliament has passed Payment of Gratuity (Amendment) Bill, 2017 to empower government to fix period of maternity leave and tax-free gratuity amount with an executive order. The rules and regulations being prescribed in Gratuity Act 1972 need to be amended from time to time and Labour Ministry tries to provide full justice by making amendments to the above act, in the national Parliament. Reply. INDUSTRIAL LABOUR AND GENERAL LAWS ICSI MCQs 305 HR Labour Laws Dimr Edu In June 20th, 2018 - MCQs 305HR ± Labour Laws Page 1 Of … The Payment of Gratuity Act, 1972 is applicable to any company/ establishment employing 10 or more employees. 03 Jul. The Payment of Gratuity Act 1972 (39 of 1972) comes into force on 16-September-1972. B. a. Sec. Eligibility: Any person employed on wages / salary. Complete Penalties - Payment of Gratuity Act(1972), Industrial Laws B Com Notes | EduRev chapter (including extra questions, long questions, short questions, mcq) can be found on EduRev, you can check out B Com lecture & lessons summary in the same course for B Com Syllabus. The Parliament has passed Payment of Gratuity (Amendment) Bill, 2017 to empower government to fix period of maternity leave and tax-free gratuity amount with an executive order. PAYMENT OF GRATUITY ACT, 1972 FQA's 1. 9. Required fields are marked * Comment . [31st March, 1983.] It extends to the whole of India. It is provided that in so far as it relates to plantations or ports, it shall not extend to the State of Jammu and Kashmir. d. Employees Act. The significance of this legislation lies in the acceptance of the principle of gratuity as a compulsory statutory retiral benefit. Background. Eligibility of Entitlement of Gratuity – An employee irrespective of his salary is entitled to gratuity if he has worked for continuous 5 years or more. Ghule Aishwarya Jeevan (2k161078) Gund Narayani Rajesh (2k161079) Jadhav Shivanjali Shantanu (2k161082) Jagtap Ankita Ajeetkumar (2k161083) Kamble Sonali Balbhim (2k161086) Kavade Shriya Ramhari (2k161088) Kulkarni Sukanya Vinod (2k161090) 2. PAYMENT OF BONUS ACT, 1965. Latest Posts. Before the Controlling Authority under the Payment of Gratuity Act, 1972. c) On his death or disablement* due to accident or disease. The Payment of Gratuity Act, 1972 Gratuity means a lump sum payment made by an employor as the retrial reward for his past service when his employment is terminated. View Answer. c. 1972. d. 1991. Trade Dispute Act, 1929. Multiple Choice Questions Book On HRM Amp IR Amp Labour. 39 OF 1972] [21st August, 1972] An Act to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports, railway companies, shops or other establishments and for matters connected therewith or incidental thereto. When is an individual eligible to receive gratuity? View Answer. (In the case of plantations and ports, it shall not extend to the state of Jammu and Kashmir).It came into effect from 16th September 1972.; Important points: Labour Law MCQ Payment Of Gratuity Act 1972 Test. Gratuity is a statutory payment to be made by an employer to an employee rendering five or more years of continuous service in an establishment. On 21-August-1972 both houses of Parliament passed the Payment of Gratuity Bill and received the assent of the President of India. Section: 4 Payment of gratuity. An individual is eligible to receive the gratuity once he/she has completed five years of service with an employer. 2. BE it enacted by Parliament in the Twenty-third Year of the Republic […] The Payment of Gratuity Act, 1972 is an act that provides a scheme for the payment of gratuity to employees working in railways, ports, factories, oilfields, plantations, mines, shops or other establishments and for matters connected therewith or incidental thereto. 2. The Payment of Gratuity Act 1972 is a social security enactment. Gratuity is payable to an employee on i) superannuation, ii) resignation and iii) death/ disablement. PART I 1. While Section-4 of the soon to be erstwhile Act provided for superannuation, retirement/resignation and death/disablement as conditions that triggered payment of gratuity, Section-53 of the Code has added two additional clauses. 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