Dear Shyamrao,
Compulsion is for payment of gratuity, not for insurance at all. Gratuity insurance is a policy of the insurance business. They offer insurance policies to small employers based on the number of employees, their pay structure, etc., and collect premiums regularly. Whenever the gratuity becomes payable to any employee of the insured employer, the insurance company pays the gratuity (fulfills the gratuity liability of the said employer as required under the Payment of Gratuity Act, 1972) to the retired/parting employee or legal heirs of the deceased employee, as the case may be. It is the choice of the employer either to pay the gratuity from his own funds or through an insurance policy.
From India, Pune
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30Compulsion is for payment of gratuity, not for insurance at all. Gratuity insurance is a policy of the insurance business. They offer insurance policies to small employers based on the number of employees, their pay structure, etc., and collect premiums regularly. Whenever the gratuity becomes payable to any employee of the insured employer, the insurance company pays the gratuity (fulfills the gratuity liability of the said employer as required under the Payment of Gratuity Act, 1972) to the retired/parting employee or legal heirs of the deceased employee, as the case may be. It is the choice of the employer either to pay the gratuity from his own funds or through an insurance policy.
From India, Pune
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Dear Shyamrao,
Compulsion is for payment of gratuity, not for insurance at all. Gratuity insurance is a policy of the insurance business. They offer insurance policies to small employers based on the number of employees, their pay structure, etc., and collect premiums regularly. Whenever the gratuity becomes payable to any employee of the insured employer, the insurance company pays the gratuity (fulfills the gratuity liability of the said employer as required under the Payment of Gratuity Act, 1972) to the retired/parting employee or legal heirs of the deceased employee as the case may be. It is the choice of the employer either to pay the gratuity from his funds or through an insurance policy.
From India, Pune
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Compulsion is for payment of gratuity, not for insurance at all. Gratuity insurance is a policy of the insurance business. They offer insurance policies to small employers based on the number of employees, their pay structure, etc., and collect premiums regularly. Whenever the gratuity becomes payable to any employee of the insured employer, the insurance company pays the gratuity (fulfills the gratuity liability of the said employer as required under the Payment of Gratuity Act, 1972) to the retired/parting employee or legal heirs of the deceased employee as the case may be. It is the choice of the employer either to pay the gratuity from his funds or through an insurance policy.
From India, Pune
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(Fact Checked)-[response] Gratuity insurance is not compulsory under the Payment of Gratuity Act, 1972. Employers have the choice to pay gratuity from their funds or via insurance. (1 Acknowledge point)
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Prabhat Agarwal Please let me know about the applicability of gratuity on the assistant teachers of private primary schools (recognised / unaided)
From India, Mumbai
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From India, Mumbai
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(Fact Checked)-The applicability of gratuity to assistant teachers in private primary schools is as per the Payment of Gratuity Act, 1972. Recognition or aid status is not a determining factor. (1 Acknowledge point)
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[QUOTE=bittu_agarwal;1483608]
Prabhat Agarwal,
Please let me know about the applicability of gratuity on the assistant teachers of private primary schools (recognised / unaided).
Dear Shri Prabhat Ji,
Earlier, the Honorable Supreme Court of India held that teachers, not being classified as workers as per the definition, were ineligible for gratuity under the Payment of Gratuity Act, 1972. Subsequently, this was amended by the parliament in 2009 to include teachers in the eligibility for gratuity. All teachers are now eligible for gratuity under the Payment of Gratuity Act, 1972, as amended. If you encounter any challenges in obtaining gratuity for a teacher, please contact me through this website.
Thanks and regards,
[Your Name]
From India, Pune
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Prabhat Agarwal,
Please let me know about the applicability of gratuity on the assistant teachers of private primary schools (recognised / unaided).
Dear Shri Prabhat Ji,
Earlier, the Honorable Supreme Court of India held that teachers, not being classified as workers as per the definition, were ineligible for gratuity under the Payment of Gratuity Act, 1972. Subsequently, this was amended by the parliament in 2009 to include teachers in the eligibility for gratuity. All teachers are now eligible for gratuity under the Payment of Gratuity Act, 1972, as amended. If you encounter any challenges in obtaining gratuity for a teacher, please contact me through this website.
Thanks and regards,
[Your Name]
From India, Pune
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(Fact Checked)-[The information provided in the user reply is correct regarding the eligibility of teachers for gratuity under the Payment of Gratuity Act, 1972, as amended in 2009 to include teachers in the definition of eligibility. No amendment needed. Thank you for sharing this valuable insight.] (1 Acknowledge point)
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Hi All,
I am very glad that you all took the time to respond to my question regarding Gratuity Registration. I now understand the procedure, which I find simple and easy to comprehend. I appreciate all of your valuable replies.
Thanks & Regards,
Gajraj Singh
From India, Mumbai
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I am very glad that you all took the time to respond to my question regarding Gratuity Registration. I now understand the procedure, which I find simple and easy to comprehend. I appreciate all of your valuable replies.
Thanks & Regards,
Gajraj Singh
From India, Mumbai
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Hi Madhu, I am very much glad for you that you spare time on my question which I put up for Gratuity Registration. I completely understand the procedure and now feel it is simple and easy to understand. I admire all of you for your valuable reply.
Thanks & Regards, Gajraj Singh
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From India, Mumbai
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Thanks & Regards, Gajraj Singh
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From India, Mumbai
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Andhra Pradesh state govt notification on compulsory gratuity insurance attached herewith for your peruasal.... Ramakrishna 9703100700
From India, Hyderabad
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From India, Hyderabad
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Dear Sir,
Please clarify the topic of Payments of Gratuity for me. I have been working in the same organization under the same director. Initially, I worked for 2 years in company X and then transferred to another company where I worked for 1.5 years. I then transferred back to the first company, making my total service 6 years. However, the present Factory management is refusing to make the payment, stating that I have not completed 5 years of service. I kindly request your guidance on how to receive the gratuity amount as the company management has withheld the said amount.
1. Is there any rule and regulation regarding this situation, considering that the companies have the same owners but different names?
I am looking forward to receiving valuable advice in my inbox. Your reply and suggestions are greatly appreciated.
Thanks and regards,
Vikram Singh
From India, Surat
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Please clarify the topic of Payments of Gratuity for me. I have been working in the same organization under the same director. Initially, I worked for 2 years in company X and then transferred to another company where I worked for 1.5 years. I then transferred back to the first company, making my total service 6 years. However, the present Factory management is refusing to make the payment, stating that I have not completed 5 years of service. I kindly request your guidance on how to receive the gratuity amount as the company management has withheld the said amount.
1. Is there any rule and regulation regarding this situation, considering that the companies have the same owners but different names?
I am looking forward to receiving valuable advice in my inbox. Your reply and suggestions are greatly appreciated.
Thanks and regards,
Vikram Singh
From India, Surat
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If you were transferred to different units as per the company's policy, then your service will be treated as uninterrupted, and you will be eligible for gratuity. On the other hand, instead of a transfer letter on each instance, if you were given appointment letters, you will not get gratuity easily. I have used the word 'easily' because you will have to prove that your transfers were for the benefit and interest of the different establishments of the same management and not as per your requests. If the company says that each time you were taken as a new employee, you have to defend by demanding your application for the job. It is very usual that no person is given a job without submitting at least an application for the job!
Regards,
Madhu.T.K
From India, Kannur
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Regards,
Madhu.T.K
From India, Kannur
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(Fact Checked)-The information provided in the user reply is correct. (1 Acknowledge point)