Gratuity - What is the present rate of interest on delayed payment of gratuity?

patrapkaiet

What is the present rate of interest on delayed payment of gratuity?
28th October 2019 From India, Durgapur

umakanthan53

6018

Provision for levying interest on delayed payment of gratuity by the Central Govt is provided for in Sec.7(3-A) of the Payment of Gratuity Act,1972. Thus the current rate of interest is 10% p.a (simple interest).
28th October 2019 From India, Salem

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