Dear Friends,
Yes Gratuity should be taken into consideration from day one and according to me if any employee as completed 4 years and 240 days than he/she will eligible for Gratuity.
Friends correct if i am wrong...........
Regards
Amith R.
From India, Bangalore
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20Yes Gratuity should be taken into consideration from day one and according to me if any employee as completed 4 years and 240 days than he/she will eligible for Gratuity.
Friends correct if i am wrong...........
Regards
Amith R.
From India, Bangalore
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Hello Can anyone tell me whether the death case. employee is worked in three month so his famaily is claim of gratuity Please reply. kumer singh
From India, Delhi
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From India, Delhi
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I think there is lot of discussion on the Gratuity and what the latest I have heard is same what Mr. Amith R. has said and I ave heard that for this updatation there is a Case Law also, but I am unable to get the same till date, untill and unless I got the same I can't comment on that, but as per Gratuity Act it is still only after the completion of full 5 years of service with the organisation.
In the case of death of an employee this condition doesn't exist, Employer has to give the Gratuity to the nominee of the deceased employee even if his / her services falls short of 5 years.
From India, Delhi
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In the case of death of an employee this condition doesn't exist, Employer has to give the Gratuity to the nominee of the deceased employee even if his / her services falls short of 5 years.
From India, Delhi
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Just for information,
Gratuity tax exemption limit is revised to 10 lacs.
I.e. if a person has recieved a gratuity upto 10 lacs, there is no tax liability
However if there is more than 10 lacs, then the person would pay tax on excess of 10 lacs
From India, Mumbai
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Gratuity tax exemption limit is revised to 10 lacs.
I.e. if a person has recieved a gratuity upto 10 lacs, there is no tax liability
However if there is more than 10 lacs, then the person would pay tax on excess of 10 lacs
From India, Mumbai
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Gratuity is a part of CTC(Depends on the organisation how it takes).
Gratuity should be calculated when the employee joins the organisation(Date of Joining should be considered).
and the maturity period in order to claim Gratuity is 5 years.
For Example : If the employee stays with the organisation for 4 Years.6 Months , he is eligible claiming Gratuity.If the employees stays 4 Years. 05 Months s/he isn't eligible.
Hope it helped.
From India, Bengaluru
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Gratuity should be calculated when the employee joins the organisation(Date of Joining should be considered).
and the maturity period in order to claim Gratuity is 5 years.
For Example : If the employee stays with the organisation for 4 Years.6 Months , he is eligible claiming Gratuity.If the employees stays 4 Years. 05 Months s/he isn't eligible.
Hope it helped.
From India, Bengaluru
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Hi,
Is payment of gratuity mandatory for the employer? If yes, then under which section of the Payment of Gratuity Act? What are the conditions (such as the number of employees) under which it is mandatory for the employer to pay gratuity? If an employer decides not to pay gratuity or delays gratuity payment, what is the penalty for him?
From India, Mumbai
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Is payment of gratuity mandatory for the employer? If yes, then under which section of the Payment of Gratuity Act? What are the conditions (such as the number of employees) under which it is mandatory for the employer to pay gratuity? If an employer decides not to pay gratuity or delays gratuity payment, what is the penalty for him?
From India, Mumbai
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I need a somple of gratuity policy for a steels manufacturing company Best regards, Jamal
From Bangladesh
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From Bangladesh
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Dear Seniors,
Kindly advise, I am working in a private company where there are no components like basic salary, Dearness Allowance (DA), or House Rent Allowance (HRA). The salary is consolidated.
I would appreciate your help in calculating the gratuity amount after completing 5 years of service.
Thank you.
From India, Chennai
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Kindly advise, I am working in a private company where there are no components like basic salary, Dearness Allowance (DA), or House Rent Allowance (HRA). The salary is consolidated.
I would appreciate your help in calculating the gratuity amount after completing 5 years of service.
Thank you.
From India, Chennai
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More than courses, especially since you have an MBA, your resourcefulness, ability to spot opportunities, and perseverance will help you get a job. See if you have anyone in your network working in such companies; see how many of them you can ask to forward your resume. Post your resume on all job sites. Follow up on any vacancies you can find there. Keep an eagle's eye on job columns in ToI/HT career pages and follow up on all of them. Most importantly, remember that you will get a job if you work hard enough. So, don't get disheartened. If you are not from a big-name B-school, getting your first break will take time, but you will get there.
From India, Delhi
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From India, Delhi
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Hello, can anybody suggest if an organization is 25 years old and it started the Gratuity scheme just one year back (2016), is the employee who has been working for the last 10 years entitled to claim for the gratuity today? Or do they have to wait for five years from the date the gratuity scheme started in the organization?
From India , Jaipur
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From India , Jaipur
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FORM-F-NOMINATI ON OF GRATUITY.pdf
Gratuity Form I.doc