Normal minimum continuous service for gratuity under the 1972 Act?
AFive years
BThree years
CTen years
DOne year
Answer & Solution
Correct answer: A. Five years
Gratuity becomes payable after continuous service of not less than five years in one organisation.
Keep practising Employee Benefits
Browse all Employee Benefits questions for CA Inter, or explore more Accounting topics.
Related questions
Employee benefits mainly aim to increase what for staff?Which US plans let employees choose from a menu of benefits?Employees tend to see mandated benefits as creating what?Which body coined the term fringe benefits during World War II?What is exchanging cash wages for another benefit called?In which year was India's fringe benefits tax abolished?The IASB defines employee benefits as consideration for what?Who prepared the 1943 report that shaped India's health insurance scheme?