Statutory compliance

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Test Your Knowledge on Statutory Compliance

Welcome to our quiz on the Payment of Gratuity Act, 1972! This quiz will help you test your understanding of statutory compliance related to gratuity payments in India.

  • Learn about gratuity calculations
  • Understand eligibility criteria
  • Discover key sections of the Act
15 Questions4 MinutesCreated by AnalyzingFacts321
Name:
1. Under the Payment of Gratuity Act, 1972 the maximum gratuity payable is
Rs. 20 lakhs
Rs. 8 lakhs
Rs. 5 lakhs
Rs. 3.5 lakhs
2. What is the qualifying service to claim gratuity?
15 years
10 years
5 years
No such prescription
3. The eligibility condition for obtaining gratuity under the Payment of Gratuity Act, 1972 is
Completion of 2 years of Service
Completion of 3 years of Service
Completion of 4 years of Service
Completion of 5 years of Service
4. The maximum amount of gratuity has now been enhanced to Rs. 20 lakhs from
2.5 lakhs
3.5 lakhs
5 lakhs
7.5 lakhs
5. Payment of Gratuity Act, 1972 is applicable to every shop or establishment within the meaning of any law for the time being in force in relation to shops and establishment in a State, in which --------- persons are or were employed on any day in the preceding 12 months.
10 or more persons
10
5
20
6.For every completed year of service or part thereof in excess of six months, the employer shall pay gratuity to an employee at the rate of -------- days’ wages based on the rate of wages last drawn by the employee concerned
25 days
15 days
5 days
7 days
7.In the case of a monthly rated employee, the fifteen days’ wages shall be calculated by dividing the monthly rate of wages last drawn by him by ----------- and multiplying the quotient by fifteen.
30
15
26
25
8. In the case of an employee who is employed in a seasonal establishment and who is not so employed throughout the year, the employer shall pay the gratuity at the rate of --------days’ wages for each season.
14 days
15 days
7 days
10 days
9. The employer shall arrange to pay the amount of gratuity within --------- days from the date it becomes payable.
30 days
15 days
75 days
60 days
10. Appeal on the decision of controlling authority should be preferred within --------- days from the date of the order
30
60
15
75
11.The formula for calculating gratuity is
Gratuity = (Monthly Salary/25) X 15 X No. Of years of service
Gratuity = (Monthly Salary/30) X 15 X No. Of years of service
Gratuity = (Monthly Salary/26) X 15 X No. Of years of service
Gratuity = (Monthly Salary/15) X 15 X No. Of years of service
12.For avoiding any payment knowingly makes any false statement or representation shall be punishable with
Imprisonment upto 3 months or fine upto Rs. 10,000/- or both
Imprisonment upto 6 months or fine upto Rs. 10,000/- or both
imprisonment upto 3 months or fine upto Rs. 20,000/- or both
Imprisonment upto 6 months or fine upto Rs. 20,000/- or both
13. Failure to comply with any provision of the Act or Rules shall be punishable with
Imprisonment upto 1 year or with fine extend upto Rs. 10,000/- or with both
Imprisonment upto 1 year or with fine extend upto Rs. 20,000/- or with both
Imprisonment upto 2 year or with fine extend upto Rs. 20,000/- or with both
Imprisonment upto 2 year or with fine extend upto Rs. 50,000/- or with both
14. Which section deals with the determination of the amount of gratuity
Section 10
Section 8
Section 7
Section 9
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