New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following statement/s is/are correct

    regarding payment of Gratuity Act 1972?         I.            It is applicable where at least  20 or more workers are employed, or were employed on any day of preceding twelve months.       II.            The employer shall arrange to pay the amount of gratuity under 30 days.     III.      The amount of gratuity payable to an employee shall not exceed three lakhs and fifty thousand rupees.
    A I and II only Correct Answer Incorrect Answer
    B II and III only Correct Answer Incorrect Answer
    C I and III only Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer

    Solution

    It is applicable where 10 or more workers are employed, or were employed on any day of preceding twelve months.

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