As per Section 7(3A) of the Payment of the Gratuity Act, 1972 if the amount of gratuity payable under sub-section (3) is not paid by the employer within the period specified in sub-section (3) due to the fault of the emp

CS Executive · Industrial, Labour & General Laws · PYQS · June 2017
As per Section 7(3A) of the Payment of the Gratuity Act, 1972 if the amount of gratuity payable under sub-section (3) is not paid by the employer within the period specified in sub-section (3) due to the fault of the employer, then the employer shall pay, from the date on which the gratuity becomes payable to the date on which it is paid, simple interest at the rate of:
(A) 10% per annum
(B) 15% per annum
(C) 12% per annum
(D) 18% per annum

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Labour Laws

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