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 ASSOCIATESView entire presentation