Case Law Analysis
|Allahabad High Court
Section 7(3) Payment of Gratuity Act | Delayed Gratuity Payment Entitles Employee to 10% Interest as Per Ministry of Labour Notification : Allahabad HC
Employees are entitled to 10% annual interest on delayed gratuity payments under Section 7(3) of the Payment of Gratuity Act, 1972, as per the Ministry of Labour notification. The Allahabad High Court ruled that employers must comply with this mandate, ensuring timely compensation for delayed payments.