https://www.taxtmi.com/caselaws?id=195490 Interest on delayed payment of gratuity under the Payment of Gratuity Act, 1972 is a statutory entitlement when gratuity is not paid within the prescribed time. Section 7(3A) requires simple interest on delayed payment unless the delay is attributable to the employee and written permission for delayed payment has been obtained from the controlling authority; Section 8 also contemplates recovery with compound interest. The statutory scheme leaves no discretion to deny interest where the proviso is not satisfied, so refusal of interest on discretionary grounds was incorrect. en-us Wed, 05 Feb 2003 00:00:00 +0530 Wed, 01 Nov 2017 17:21:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195490 Interest on delayed payment of gratuity under the Payment of Gratuity Act, 1972 is a statutory entitlement when gratuity is not paid within the prescribed time. Section 7(3A) requires simple interest on delayed payment unless the delay is attributable to the employee and written permission for delayed payment has been obtained from the controlling authority; Section 8 also contemplates recovery with compound interest. The statutory scheme leaves no discretion to deny interest where the proviso is not satisfied, so refusal of interest on discretionary grounds was incorrect. Case-Laws Indian Laws Wed, 05 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195490