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Section 80 - Code on Social Security Act, 2020

80. Commutation of half-monthly payments.-

Any right to receive half-monthly payments may, by agreement between the parties or, if the parties cannot agree and the payments have been continued for not less than six months, on the application of either party to the competent authority be redeemed by the payment of a lump sum of such amount as may be agreed to by the parties or determined by the competent authority, as the case may be.

Related Sections

Section 30: Administrative expenses
Section 21: Authorising certain employers to maintain provident fund accounts
Section 95: Powers and procedure of competent authority
Section 10: Executive Heads of Central Board and Corporation
Section 67: Creche facility

Related Acts

Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
Major Port Authorities Act, 2021
Institute of Teaching and Research in Ayurveda Act, 2020
National Institutes of Food Technology, Entrepreneurship and Management Act, 2021
Provisional Collection of Taxes Act, 2023

* Only for reference.