Hello Team, I have worked in an IT firm for 5 years. There is no component of gratuity in the salary. Am I eligible for the gratuity in thi case. Thanks in advance. Ritesh Vadodaria
From India, Pune
From India, Pune
Gratuity becomes payable if the employee who leaves, has completed five years of service.
The gratuity element is usually part of the Annual CTC - even if is not mentioned in your CTC, gratuity payment should be made.
Regards
P.Arun Kumar
From India, Bangalore
8The gratuity element is usually part of the Annual CTC - even if is not mentioned in your CTC, gratuity payment should be made.
Regards
P.Arun Kumar
From India, Bangalore
Hi Ritesh,
This is in furtherance to your querry. Let me add one querry to yours.
Has there been any change in the "Payment Of Graduty Act."
My brother has worked in an IT company for only 2 years before he quit the job yet he has got it paid form the company.
Is the timeperiod of 5 years been changed?
Regards,
Santosh Verma.
From India, Bangalore
This is in furtherance to your querry. Let me add one querry to yours.
Has there been any change in the "Payment Of Graduty Act."
My brother has worked in an IT company for only 2 years before he quit the job yet he has got it paid form the company.
Is the timeperiod of 5 years been changed?
Regards,
Santosh Verma.
From India, Bangalore
There is no change in Gratuity Act.
If an employee has completed 05 years of his/her service he is legally entitled for Gratuity.
Some company fix the CTC in a way where Gratuity is a part of CTC in that case if employee leaves before 05 years he gets the amount as ex-gratia payment.
N N Tiwari
From India, New Delhi
If an employee has completed 05 years of his/her service he is legally entitled for Gratuity.
Some company fix the CTC in a way where Gratuity is a part of CTC in that case if employee leaves before 05 years he gets the amount as ex-gratia payment.
N N Tiwari
From India, New Delhi
Is gratuity eligble for contract employee. I have been working in a company on a contract from the past 11years. my pf is cut monthly. please advise
From India, Mumbai
From India, Mumbai
Dear Members,
If the company is not having the policy to gratuity, then what is it mandatary to give gratuity after 5 yrs with the policy. Is this Act mandatary to all the Companies.
Pl throw some light on this.
Regards,
Sheela Shetty
From Qatar, Doha
If the company is not having the policy to gratuity, then what is it mandatary to give gratuity after 5 yrs with the policy. Is this Act mandatary to all the Companies.
Pl throw some light on this.
Regards,
Sheela Shetty
From Qatar, Doha
as far as my knowledge is of the Gratuity Act, every employee who has completed five years of continous service with any organistaion is eligible for claiming Gratuity. It is as good as a statutory payment and all companies are covered under the Act.
Seniors, please correct me if I am wrong
From India, Mumbai
Seniors, please correct me if I am wrong
From India, Mumbai
Hi Ritesh,
You are eligible for gratuity . You have completed 5 years of continous service. Employeer has to give you the gratuity.
Bare Act mentions: Resigned employee completing 5 years of continous service has to apply for gratuity to the employeer. He can reicve the gratuity in his Full & Final Settlement or employeer should pay the gratuity on or before the completion of 30 days after the relieving date of the resigned employee.
Resigned,
Nimish Joshi
09969526325
From India, Mumbai
You are eligible for gratuity . You have completed 5 years of continous service. Employeer has to give you the gratuity.
Bare Act mentions: Resigned employee completing 5 years of continous service has to apply for gratuity to the employeer. He can reicve the gratuity in his Full & Final Settlement or employeer should pay the gratuity on or before the completion of 30 days after the relieving date of the resigned employee.
Resigned,
Nimish Joshi
09969526325
From India, Mumbai
Hi Ritesh,
Gratuity is payable upon completion of five years of continuous service in the Company.
Yes, you are eligible for gratuity even if it is not specified in your appointment letter or offer letter or breakup of salary. It is a statutory retiral benefit based on a Govt regulation, based on the coverage under the Act.
Rahul
09968270580
__________________________________________________ ___________
Hello Team,
I have worked in an IT firm for 5 years. There is no component of gratuity in the salary.
Am I eligible for the gratuity in thi case.
Thanks in advance.
Ritesh Vadodaria
From India, New Delhi
Gratuity is payable upon completion of five years of continuous service in the Company.
Yes, you are eligible for gratuity even if it is not specified in your appointment letter or offer letter or breakup of salary. It is a statutory retiral benefit based on a Govt regulation, based on the coverage under the Act.
Rahul
09968270580
__________________________________________________ ___________
Hello Team,
I have worked in an IT firm for 5 years. There is no component of gratuity in the salary.
Am I eligible for the gratuity in thi case.
Thanks in advance.
Ritesh Vadodaria
From India, New Delhi
Hi All,
I found this an interesting topic. I am helping a small company for the HR systems. The company has two identities and about 22 employees divided into these two identities.
Some employees have been in the organization since 10 years or so. There is not PF or Gratuity as a part of salary. Now is it possible that we add these components at least one of these components to the salary as a benefit.
If yes, how do we go about it ? Please help and also suggest a consultant who can help us for these details.
From India, Mumbai
I found this an interesting topic. I am helping a small company for the HR systems. The company has two identities and about 22 employees divided into these two identities.
Some employees have been in the organization since 10 years or so. There is not PF or Gratuity as a part of salary. Now is it possible that we add these components at least one of these components to the salary as a benefit.
If yes, how do we go about it ? Please help and also suggest a consultant who can help us for these details.
From India, Mumbai
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FORM-F-NOMINATI ON OF GRATUITY.pdf
Gratuity Form I.doc