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A worker retires from a factory after putting in twenty years of continuous service. His last monthly wages drawn was Rs. 45,500. What is the amount of gratuity the worker is entitled to under the payment of Gratuity Act, 1972.

A worker retires from a factory after putting in twenty years of continuous service. His last monthly wages drawn was Rs. 45,500. What is the amount of gratuity the worker is entitled to under the payment of Gratuity Act, 1972. Correct Answer Rs. 5,25,000

Related Questions

Which of the following statements are true/false?
1. Gratuity shall be payable to an employee on the termination of his employment after he has rendered continuous service for not less than five years.
2. Each employee, who has completed one year of service, shall make nomination for the purpose of receiving gratuity.
3. For every completed year of service in excess of six months, the employer shall pay gratuity to an employee at the rate of fifteen day's wages based on the rate of wages last drawn by the employee concerned.
4. An employer who contravenes, or makes default in complying with, any of the provisions of the Payment of Gratuity Act shall be punishable with imprisonment for a term which may extend to one year, or with fine which may extend to twenty thousand rupees, or with both.
An employee retires from a factory after putting in 28 (twenty eight) years of service. The last wages drawn by him per month before retirement was Rs. 39,000. What is the amount of gratuity to be paid by his employer under the Payment of Gratuity Act, 1972?
Which of the following statements are true/false?
1. Every worker who has worked fora period of 240 days or more in a factory during a calendar year shall be allowed during the subsequent calendar year, leave with wages.
2. A worker who has been allowed leave for not less than four days, in the case of an adult, and five days, in the case of a child shall, before his leave begins, be paid the wages due for the period of the leave allowed.
3. If a worker works in a factory works for more than nine hours in any day or for more than 40 hours in any week, he shall, in respect of overtime work, be entitled to wagesat the rate oftwicehis ordinary rate of wages.4. The periods of work of an adult worker in a factory shall be so arranged that inclusive of his intervals for rest, they shall not spread over more than eleven and a half hours in any day.
According to the Payment of Gratuity Act, 1972, an employee is eligible for gratuity after rendering how many years of continuous service?
Principle: A person who voluntarily takes a decision to do something after appreciating the risk involved in such act and then receives an injury, will not be entitled to get any compensation.
Facts: 'X', an electrical engineer, was invited by his friend 'Y', to the factory where he was employed. While they were in the factory, 'Q' a worker in the factory informed 'Y' about some short-circuit in the power room. Hearing this, 'Y' asked 'X' to stay in the office room and rushed to the power room. 'X' however, decided to follow 'Y'. 'X' noticed that if the power supply through a particular electric line could be disconnected, the electrical leakage could be stopped which would prevent further damage. Suddenly 'X' decided to pullout the wire manually even though it was risky. This resulted in a blast in which both 'X' and 'Y' got injured. 'X' had to spend Rs. 1 lakh at the hospital for his treatment. 'X' wants to file a suit for compensation from the management of the factory. Will he succeed?
Which of the following statements are true/false?
1. In case an employee whose minimum rate of wages is fixed under this Act, works overtime, the employer need not pay the money for the extra hours devoted by the employee.
2. If an employee whose minimum rate of wages has been fixed under this Act, works for a less number of hours than the requisite number of hours on a given day, he shall be entitled to receive wages in respect ofwork done by him on that day as ifhe had worked for a full normal working day.
3. In case an employee is involved in two or more classes of work, he shall be paid on the basis of pieces involved.
4. If an employee is employed on piece work for which minimum time rate and not a minimum piece rate has been fixed under this Act, the employer shall pay to such employee wages at not less than the minimum time rate.
A worker is employed in Factory "M" for monthly TA. 10,000 wages. Regular work schedule for every worker is 250 hours a month, For every additional hour of work beyond 240 hours workers receive 1.5 time wages. If the worker works 270 hours in a month what would be his total earning?
A worker is employed in Factory "M" for monthly TA. 10,000 wages, Regular work schedule for every worker is 24 hours a month. For every additional hour of work beyond 24 hours workers receive 1.5 time wages, If the worker work 270 hours in a month what would be his total earning
Which of the following statements are true/false?
1. The employer needs to maintain a register of the employees working under him. This register needs to be preserved for a period of two years after the date of the last entry made therein.
2. In case of a person who is working in any railway factory or industrial or other establishment upon or in which more than one thousand persons are employed, the wages need to be paid by tenth of that month.
3. In case of a person who is working in any railway factory or industrial or other establishment upon or in which less than one thousand persons are employed, the wages need to be paid by third of that month.
4. In case, an employer terminates an employee, the wages earned by him must be paid before the expiry of the second working day from the day on which his employment is terminated.
The given pie chart show the monthly household expenditure of Family A and Family B under various heads. The monthly expenditures incurred for Family A and Family B are ₹50,000 and ₹75,000, respectively. Study the charts carefully and answer the question that follows. Monthly Household Expenditure of ₹50,000 under various heads of Family A Monthly household expenditure of ₹75,000 under various heads for Family B If the monthly expenditures of both families are combined together then the expenditures on Entertainment of both families together will be what percentage of the total monthly expenditures of both families? Express your answer to the nearest integer.