Dear Pradeep,
As you are seems to be located in AP, the AP Shops & Establishments Act, 1988 would be applicable. The term Service Compensation is referred in this Act as applicable in the case of "termination", this is referred to as "Service Compensation". Whereas the Gratuity is payable under the Gratuity Act
Both are diff. Why you should get confused, what is the matter ?
See the attachment for more clarity.
Regards,
kumar.s.
As you are seems to be located in AP, the AP Shops & Establishments Act, 1988 would be applicable. The term Service Compensation is referred in this Act as applicable in the case of "termination", this is referred to as "Service Compensation". Whereas the Gratuity is payable under the Gratuity Act
Both are diff. Why you should get confused, what is the matter ?
See the attachment for more clarity.
Regards,
kumar.s.
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