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Hi Seniors, kindly rectify the following clarifications:

1. Under the Payment of Gratuity Act, is any interest required to be paid to employees for their gratuity?

2. Regarding leave encashment, is any interest required to be paid to employees for delayed payment of leave wages?

Thanks,
K. Janarthanan

From India, Madras
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Yes .Interest is payable if gratuity is not paid within 30 days from the date it becomes payable.see sec 7 (3A) of Payment of Gratuity Act, Varghese Mathew 09961266966
From India, Thiruvananthapuram
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For payment of Leave encashment and leave salary, there is no provision exists for payment of interest. However employer should see that there is no abnormal delay. SUBBA RAO
From India, Visakhapatnam
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