Within how many days the employer must pay gratuity to an eligible employee or his or her nominee in case of death, from the date the gratuity becomes payable ? If failed to pay within such period, what is the rate of in

CS Executive · Industrial, Labour & General Laws · PYQS · December 2020
Within how many days the employer must pay gratuity to an eligible employee or his or her nominee in case of death, from the date the gratuity becomes payable ? If failed to pay within such period, what is the rate of interest to be paid by the employer for such delayed period ?
(A) 30 days and simple interest @ 10% p.a. for delay
(B) 30 days and compound interest @ 10% p.a. for delay
(C) 45 days and simple interest @ 10% p.a. for delay
(D) 45 days and compound interest @ 10% p.a. for delay

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Industrial Law

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