Gratuity Rules
Saturday, February 7, 2009
According to standing order no. 12 of The West Pakistan Industrial and Commercial Employment (Standing Orders) Ordinance, 1968, where a workman resigns from service or his services are terminated by the employer, for any reason other than misconduct, he shall, in addition to any other benefit to which he may be entitled in accordance with the terms of his employment or any custom, usage or any settlement or an award of a Labour Court under the Industrial Relations Ordinance, 1969 (XXIII of 1969), be paid gratuity equivalent to thirty days, wages, calculated on the basis of the wages admissible to him in the last month of service if he is a fixed-rated workman or the highest pay drawn by him during the last twelve months if he is a piece-rated workman, for every completed year of service or any part thereof in excess of six monthsGratuity amount = Last drawn gross salary x No. of years service
To see Standing order/rules of gratuity in detail please click here!
Labels: accounting, Commercial rules
posted @ 11:21 AM,
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