India’s biggest private lender HDFC Bank Ltd and several other companies may be forced to shell out more in gratuity payments to employees following an order by a labour official in Kerala.
P.V. Unnikrishna Pillai, an employee who worked for close to 16 years before quitting his job in 2022, disputed the amount of gratuity he received from the bank. The controlling authority is a government official responsible for the administration of the Act.
He filed the appeal on 8 June 2022, arguing that the bank must also include “personal pay" while calculating his gratuity, and not just his “basic pay".
The controlling authority asked HDFC Bank to pay an additional ₹7.22 lakh with a 10% simple interest. This was over and above the gratuity payment of ₹5.95 lakh already paid by the bank. While the order was delivered in July 2022, it was sent to the bank and the petitioner only on 20 January this year.
Bu hikaye Mint Mumbai dergisinin March 06, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin March 06, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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