Question

Under the payment of Gratuity Act, 1972. Gratuity to an employee payable on ______.

Options

• termination of employment on superannuation

• termination of employment on resignation

• termination of employment on death

• in all the above circumstances

Answer 1

Under the payment of Gratuity Act, 1972. Gratuity to an employee payable on termination of employment on superannuation, termination of employment on resignation and termination of employment on death.

Explanation:

Under the Payment of Gratuity Act, 1972, gratuity is paid to an employee on termination of employment due to superannuation (retirement), resignation, death, or disablement. It is a lump-sum benefit for long service.