Payment of Gratuity Act 1972

Under the Payment of Gratuity Act, 1972 the maximum gratuity payable is

• 10 lakh

• 8 lakh

• 5 lakh

• 2.5 lakh

What is the qualifying service to claim gratuity?

• 15 years

• 10 years

• 5 years

• 2 years

Payment of Gratuity Act, 1972 is applicable to every shop or establishment within the meaning of any law for the time being in force in relation to shops and establishment in a State, in which --------- persons are or were employed on any day in the preceding 12 months. 

• 10 or more persons

• 10 or less persons

• 20 or more persons

• 20 or less persons

The employer shall arrange to pay the amount of gratuity within --------- days from the date it becomes payable.

• 30 days

• 15 days

• 45 days

• 60 days

The formula for calculating gratuity is 

• Gratuity = (Monthly Salary/25) X 15 X No. of years of service

• Gratuity = (Monthly Salary/30) X 15 X No. of years of service

• Gratuity = (Monthly Salary/26) X 15 X No. of years of service

• Gratuity = (Monthly Salary/15) X 15 X No. of years of service

which authority is responsible for recovery of gratuity amount?

• Inspector

• Collector

• Commissioner

• Government

The payment of gratuity act came into force on ____

• 16th September, 1972.

• 16th october, 1972.

• 16th September, 1975.

• 16th November, 1972.