Which of the following events entitles an employee to gratuity under Section 53(1) of the Code on…
Section 53(1) of the Code on Social Security, 2020 (formerly s.4(1) of the Payment of Gratuity Act, 1972) makes gratuity payable on termination of employment on…
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Which of the following events entitles an employee to gratuity under Section 53(1) of the Code on Social Security, 2020, subject to the statutory conditions?
Answer and explanation
Correct answer A
Section 53(1) of the Code on Social Security, 2020 (formerly s.4(1) of the Payment of Gratuity Act, 1972) makes gratuity payable on termination of employment on superannuation, retirement or resignation, death or disablement due to accident or disease, termination of the contract period under fixed term employment, or any event notified by the Central Government. The five-year condition is waived for death, disablement, expiry of fixed term employment and notified events. Mere transfer, suspension or promotion does not terminate employment.
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