Gratuity - Is anybody entitled for gratuity if he is worked for 4 Yrs. and 9 Months?
more at http://citehr.com#1272775689#ixzz0mkDljBkb
more at http://citehr.com#1272775689#ixzz0mkDljBkb
From India, Udaipur
Hi,
You are working for 4.9 yrs in the company and as per the law who hav completed 5 yrs in one organization, are entitled for gratuity.So you can't claim for gratuity.
From India, Delhi
You are working for 4.9 yrs in the company and as per the law who hav completed 5 yrs in one organization, are entitled for gratuity.So you can't claim for gratuity.
From India, Delhi
7Dear kavimanojpandya,
Gratuity
Gratuity
Eligibility :
· An employee with a continuous service of minimum five years and subject to the
provisions of the Payment of Gratuity Act, 1972. The qualifying period of five
years of service will not apply in the case of the employee who dies in harness or
suffers total and permanent disablement.
Conditions :
· Gratuity is payable on retirement, resignation, death, or physical disablement.
· Gratuity may be wholly or partially withheld if the employee is discharged or
dismissed from service on disciplinary grounds.
· An employee with a continuous service of minimum five years and subject to the
provisions of the Payment of Gratuity Act, 1972. The qualifying period of five
years of service will not apply in the case of the employee who dies in harness or
suffers total and permanent disablement.
Conditions :
· Gratuity is payable on retirement, resignation, death, or physical disablement.
· Gratuity may be wholly or partially withheld if the employee is discharged or
dismissed from service on disciplinary grounds.
Computation
· @ 15 days of last drawn basic salary for each completed year of continuous
service. Service of six months and above will be considered as a full year and
service of less than 6 months will be ignored.
· Period of service is calculated from the date of the employee joining the
Company or any of the Group companies.
· The Benefits under the scheme are subject to the provisions of the Payment of
Gratuity Act, 1972.service. Service of six months and above will be considered as a full year and
service of less than 6 months will be ignored.
· Period of service is calculated from the date of the employee joining the
Company or any of the Group companies.
· The Benefits under the scheme are subject to the provisions of the Payment of
Regards,
Chandra Sekhar.
From India, Hyderabad
Dear,
Gratuity only can be claimed after complition of 5 years of the servicein the same company.
From India, Pune
Gratuity only can be claimed after complition of 5 years of the servicein the same company.
From India, Pune
Hi,
Is this applicable for MNC employee ?
I am working in MNC in IT dept and nothing mention for Gratuity in my Offer letter or Confirmation Letter.
So if i complete 5+ years, will i applicable for Gratuity ?
Thanks,
From India, Bangalore
Is this applicable for MNC employee ?
I am working in MNC in IT dept and nothing mention for Gratuity in my Offer letter or Confirmation Letter.
So if i complete 5+ years, will i applicable for Gratuity ?
Thanks,
From India, Bangalore
As per law a person worked for more than 4years 6 months is eligible for Gratuity. I have claimed the gratuity number of times for employees have completed 4 years and Seven months
From India, Mumbai
From India, Mumbai
" yes" more than 5 months are calculated as one year in case of Gragyuty payment
From Singapore, Singapore
From Singapore, Singapore
Dear Kavita,
If any employee worked 4 yrs and completes 240 days in 5th year. He is eligible for gratuity.
Govind Pawar
From India, Mumbai
If any employee worked 4 yrs and completes 240 days in 5th year. He is eligible for gratuity.
Govind Pawar
From India, Mumbai
Dear Member, Which of the section of the P G Act, 1972 say so? With Regards, R.N.Khola
From India, Delhi
From India, Delhi
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Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc