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Gratuity & Provident Fund Law
Gratuity & Provident Fund Law
A worker is entitled as termination benefit under section 2(10) the wages of at least 30
days for every completed year of their service or, the wages of 45 days for every
completed year in case of service more than 10 years.
Calculation Formula:
(Last drawn salary X Total years of service)
:صيغة الحساب
) إجمالي سنوات الخدمةX (آخر راتب مدفوع
Provident Fund:
It is a provident fund account available for the government employees only. In this fund, the
government employees contribute a certain percentage of their salary (From 5% to 25%) to the
account. The accumulated amount is paid to the employee at the time of retirement.