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प्रश्न
Distinguish between gratuity and provident fund.
फरक स्पष्ट करा
उत्तर
| S.No. | Basis of Distinction | Gratuity | Provident Fund |
| 1. | Contributions | The employee makes no contributions. | Both the employee and the employee make regular contributions. |
| 2. | Amount | Fifteen days' wages for every completed year of service. | Amount standing to the credit at the time of retirement. |
| 3. | Investment | There is no specific investment. | The amount is specifically invested and earns interest. |
| 4. | Payment | Payable only at the time of retirement. | A part of the amount can be withdrawn during service for specified purposes. |
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Social Security in India
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
संबंधित प्रश्न
A voluntary payment made by an employer to an employee who retires after long and dedicated services is ______.
In India, social security is provided under the ______.
Social security implies measures to protect workers against distress caused by ______.
Briefly explain the term Pension?
Why is 'Gratuity' given by an employer to an employee?
What do you mean by group life insurance?
Mention any two advantages of group life insurance to employees and employers.
Explain the benefits provided by employers to employees under the Maternity Benefit Act.
| Mr. Khanna, a manager in a public limited company, is turning sixty years of age and is about to retire from the organisation after a long and dedicated service. |
In this context answer the following:
- Name any two Acts pertaining to Mr. Khanna's retirement.
- Discuss the reasons why these two Acts need to be effected in organisations.
Distinguish between social insurance and social assistance
