WebTHE END OF THE YEAR GRATUITY ACT 2001 Act No. 21 of 2001 I assent CASSAM UTEEM 2nd August 2001 President of the Republic Date In Force: 11 August 2001 ARRANGEMENT OF SECTIONS Section 1. Short title 2. Interpretation 3. 3. Payment of gratuity 4. 4. Powers of authorised officers 5. 5. Jurisdiction 6. 6. Offences 7. WebSep 20, 2024 · Gratuity is a lump sum amount paid by the employer to the employee as a token of appreciation for the services they have provided towards the company. It is …

end of year grauity act - Mauritius

WebApr 17, 2024 · An employee can get the rebate on the gratuity of maximum Rs. 30 lakhs. More than this is taxable. The least of the following is exempted from tax: Last salary (basic + DA) × number of years of … WebForm I - Application for gratuity by an employee. An employee who is eligible for payment of gratuity under the Act, or any person authorised, in writing, to act on his behalf, shall apply, ordinarily within thirty days from the date the gratuity became payable, in the given format to the employer. e licitacija carina

How to Calculate Gratuity in Kenya - moha.co.ke

WebGratuity is money paid by an employer to an employee when he/she resigns or retires from the organization. It should be noted that this lump sum is not deducted from the … WebJan 12, 2024 · Gratuity is a lumpsum amount paid by an employer to its employees at the time of their retirement, superannuation or death. It is a way by which an employer expresses its thankfulness to its employees for remaining in continuous service. Etymologically, gratuity, a word derived from gratitude, is a reward given voluntarily. tax timetable 2021