Investor Presentaiton slide image

Investor Presentaiton

Headings Old Labor Laws Benefits • Gratuity: Eligibility: completion of 3 years of service Rate of Gratuity: For the first 7 years of service: 1 of monthly salary for each year of service For 7-15 years of service: 2/3rd of monthly salary for each year of service For service exceeding 15 years: a month salary for each year of service • Deposit in: Enterprise Level Fund or Retirement Fund • Payment of Gratuity: subject to nature of termination New Labor Laws . ● • • Gratuity: Eligibility: From the first day of employment Rate of Gratuity: 8.33% of basic remuneration every month Deposit in: Social Security Fund Death coverage: fixed cost on medical and accidental benefits Leave Accumulation: annual leave 90 days, sick leave 45 days Payment of Gratuity: payable irrespective termination of nature of PIONEER LAW ASSOCIATES
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