Interest on interest
Reetu Dwivedi
(Querist) 22 April 2016
This query is : Resolved
Dear Members,
If gratuity delayed by more that 30 days and no interest is paid on that and employee accepts it without question, can he ask for interest in future and is he eligible for interest on interest amount.
Kumar Doab
(Expert) 22 April 2016
Employee can.
Payment of Gratuity Act, 1972 is s statue and lays down the payment of interest.