TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Employers Must Pay Gratuity Per Service Year Under Payment of Gratuity Act, 1972; Max Cap at 10 Lakh Rupees.</h1> Under the Payment of Gratuity Act, 1972, employers must pay gratuity to employees for each completed year of service or part thereof exceeding six months, calculated at fifteen days' wages based on the last drawn wage rate. For piece-rated employees, daily wages are averaged over the three months prior to employment termination, excluding overtime. Seasonal employees receive gratuity at seven days' wages per season. For monthly-rated employees, fifteen days' wages are calculated by dividing the last drawn monthly wage by twenty-six and multiplying by fifteen. The maximum gratuity payable is capped at ten lakh rupees.
TaxTMI 
