Hi All, Please help me to know 1.The eligibility for Gratuity. 2.P.F Withdrawal procedure in case of death
From India, Mumbai
2From India, Mumbai
You should consider THE PAYMENT OF GRATUITY ACT, 1972 go thru the link may be u will find useful. The Payment of Gratuity Act,1972
From India, Delhi
From India, Delhi
Gratutity: Eligibility to get the gratutity is minimum 5 years service. Wages of calculation: @ 15 days wages for every completed year as if the month comprises of 26 days at the last drawn wages. Maximum ceiling Rs. 3,50,000 2. PF withdrawal in case of death: 1. The nominee of the deceased worker/employee has to submit the papers through the factory/company to the Provident Fund Commissioner. ( G K Sharma)
Mostly people are of a view that the Gratuity is payable only incase the employee has completed 5 yrs of a continuous service with a company. But there are two more conditions where the company is bound to pay Gratuity to its employees: a). In case the employee die on duty, & b). In case the employee has totally disablement while on the job. You can go through the Payment Of Gratuity Act. Now a days, LIC is also covering the payment of gratuity for the employees. I invite the comments of my seniors to correct me if i'm wrong. Regds, Komal
From France, Voreppe
From France, Voreppe
Dear If a person had worked for 4 years and 245 days; he shall be eligible for payment of Gratuity. In case of death before the 5 years; he shall be eligible for gratuity. Gratuity is calculated : Last Basic+DA divided by 26 multiplied by no. of year of service and than divided by two. Pl note if in the last year he has worked more than six months, it will be counted as full year and if less than six months, it will be ignored ak malhotra
From India, Guwahati
From India, Guwahati
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Gratuity Eligibility.pdf
Gratuity eligibility for less than 5 yrs. (4yrs.240days). docx