What are the rules that govern payment of Gratuity from a firm that has gone into liquidation. Is Gratuity a preferred payment to a " non Workman" category of employee?
From India, Delhi
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From India, Delhi
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Any establishment that had employed at least 10 persons, whether workers or not, during the 12 months preceding its liquidation is bound to pay gratuity. This is an amount payable to all employees, including managerial staff, who have completed at least 5 years of service. The gratuity amount will be equal to 15 days' salary for every year of service with the organization, subject to a maximum of Rs 10 lakhs.
Madhu.T.K
From India, Kannur
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4483Madhu.T.K
From India, Kannur
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Gratuity is a payment made by the employer, and it covers all employees irrespective of their salary level. Even if no claim application is made by an employee, the employer is obligated to make the payment. It can only be refused under circumstances of riotous behavior or misconduct involving moral turpitude. Gratuity cannot be attached.
From India, Bangalore
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From India, Bangalore
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Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc