Home » SSI Corner » SSI Regulations » Payment of Gratuity Act, 1972

Objective
- To provide for payment of gratuity on ceasing to hold office

Coverage
- Factories, Mines, Oil fields, Plantations, Ports, Railway Companies, Shops & Commercial Establishments and to other establishments to which the Government extends the law.

Eligibility
- Employees drawing wages not exceeding Rs.3500/- per month

Benefits
- 15 days wages for every completed year of service or part thereof in excess of six months subject to a maximum of Rs.50,000/-