Dear All, Some people are telling that I am not eligible and some people told I am eligible. I am totally confused. I didn’t get the clear solution.
From United States, Redwood City
From United States, Redwood City
24
Hi Denzil,
As per Payment of Gratuity Act Employer need not to pay for those who have not completed 5 yrs of service, as you mentioned LIC Paying...LIC will not pay their money, the money/fund has to be deposited by Employer only, certain cases Employer can give Gratuity for not eligible people, its totally Employer well & wish but as per Act it is not compulsory for not completed 5 yrs people except in the case of tamilanadu as they got order from Madras High Court.
Insurance companies are having diff plans for Gratuity redemption amount payble. even 2 yrs completion, they will pay, but finally its a Employer call as the fund is depositing from their pocket.
Pl correct me if i am wrong.
Regards,
Prasad
From United States, Cambridge
As per Payment of Gratuity Act Employer need not to pay for those who have not completed 5 yrs of service, as you mentioned LIC Paying...LIC will not pay their money, the money/fund has to be deposited by Employer only, certain cases Employer can give Gratuity for not eligible people, its totally Employer well & wish but as per Act it is not compulsory for not completed 5 yrs people except in the case of tamilanadu as they got order from Madras High Court.
Insurance companies are having diff plans for Gratuity redemption amount payble. even 2 yrs completion, they will pay, but finally its a Employer call as the fund is depositing from their pocket.
Pl correct me if i am wrong.
Regards,
Prasad
From United States, Cambridge
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Less than 5 years service - Eligibility for payment of gratuity.pdf