Introduction of Payment of Gratuity Act, 1972 by CA Aishwarya Khandelwal Kapoor

Topics discussed in the video:

00:23 - Payment of Gratuity Act, 1972
01:10 - What is Gratuity?
09:50 - Applicability
16:35 - Employee
23:16 - Employer

Gratuity is a lump sum amount that employers pay their employees as a sign of gratitude for the services provided. The gratuity rules are mandated under the Payment of Gratuity Act, of 1972. The act was passed by the Parliament on 21st August 1972 and came into force on 16th September the same year.

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Gratuity is a lump sum amount that employers pay their employees as a sign of gratitude for the services provided. The gratuity rules are mandated under the Payment of Gratuity Act, 1972. The act was passed by the Parliament on 21st August 1972 and came into force on 16th September the same year.