The formula for calculating gratuity is
A) gratuity = (monthly salary/25) x 15 x no. of years of service
B) gratuity = (monthly salary/30) x 15 x no. of years of service
C) gratuity = (monthly salary/26) x 15 x no. of years of service
D) gratuity = (monthly salary/15) x 15 x no. of years of service
Correct Answer:
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Q1: Under the Payment of Gratuity Act, 1972
Q2: What is the qualifying service to claim
Q3: The eligibility condition for obtaining gratuity under
Q4: The maximum amount of gratuity has now
Q5: The employer shall arrange to pay the
Q6: Appeal on the decision of controlling authority
Q8: Which of the following is wrong statement
A)no
Q9: For avoiding any payment knowingly makes any
Q10: Failure to comply with any provision of
Q11: Which section deals with the determination of
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