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IAI SA4 Practice Questions - IAI Subject SA4 Pensions And Other Benefits Specialist Advanced Exam

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Under the Payment of Gratuity Act, 1972, the standard formula computes gratuity as a number of days' wages for each completed year of service based on the last drawn wages. How many days' wages per completed year applies to employees covered under the standard (non-seasonal) provision?
Correct Answer:
15 days' wages

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