Payment Of Gratuity Act 1972

APPLICABILITY OF ACT

Every factory, mine, oilfield, plantation, port, railways, company, shop, establishment or educational institutions employing 10 or more persons
Sec. 1

WAGES FOR CALCULATION

@15 days' wages for every completed year as if the month comprises of 26 days at the last drawn wages
Sec. 2(s)

CALCULATION PLACE-RATED EMPLOYEE

@ 15 days' wages for every completed year on an average of 3 months' wages Sec. 4CALCULATION SEASONAL EMPLOYEE

CALCULATION SEASONAL EMPLOYEE

@ 7 days' wages for every completed year of service
Sec. 4

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