Interest on Delay in Gratuity Payment CAT Case
Gratuity must be paid within 30 days of retirement or resignation, with 10% annual interest generally mandated for delays. CAT cases often award interest ranging from GPF rates to 18% per annum, depending on whether the delay was due to administrative fault. Key Aspects of CAT Cases on Delayed Gratuity: Timeline and Interest Rate: If gratuity … Read more
