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      Question

      In which year was the Payment of Gratuity Act

      enacted?
      A 1972 Correct Answer Incorrect Answer
      B 1980 Correct Answer Incorrect Answer
      C 1995 Correct Answer Incorrect Answer
      D 1964 Correct Answer Incorrect Answer

      Solution

      The Payment of Gratuity Act was enacted in 1972 to provide a financial benefit to employees who retire or leave service after completing at least five years with an employer. This act ensures a lump sum payment as a gratitude for their service, aiding their financial stability postemployment.

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