Gratuity is called gratuity in the Hindi language. This means that a certain amount of money is given to the occupation people for not being able to do the job due to retirement or illness. This money is given by the employer whose employer was working.
Gratuity can be broadly understood as if a person has been working in a registered company for at least five years and for some reason he does not continue the job, then he is entitled to a certain amount of money from his employer as gratuity. Will happen.
Gratuaty Realated Today”s Latest News 2020 [WORKING]
Ideology like gratuity has been born keeping in mind the future of job occupation people. It is not easy for a person to collect a certain amount of money for his future. The amount of money that a person earns in his / her lifetime is spent on the entire wealth.
The employed person is unable to collect the money. Keeping this fact in mind, the Central Government of India passed a law called Payment of Gratuity Act, 1972 (1972). Also Read – Know Supreme Court and High Court’s power to transfer Criminal Case This Act is a Central Act and was applicable to the whole of India except Jammu and Kashmir, but now it is fully applicable to the whole of India.
Gratuaty Realated Today”s Latest News 2020 [WORKING].The purpose of this Act is to provide a certain amount of money to the working people in the future, so that the future of those persons can be secured and the old age of the person can be better passed and in the circumstances in which his body is not working In the event of a person not being in a position to do any work, a certain amount of money should be provided by the employer for earning his living.