Dear Umakanthan Sir,
We calculate gratuity up to superannuation by adding 60 years to his date of birth on the basis of last wages drawn at the time of his death(say-A). Thereafter we calculate gratuity up to employees date of death(say B). We pay gratuity amount calculated as B and the amount A-B is being claimed from LIC. After receiving this amount from LIC we also pay it to the nominee of ex employee subject to the condition that total gratuity amount does not exceed Rs. 10 lakhs.
From India, Pune
9We calculate gratuity up to superannuation by adding 60 years to his date of birth on the basis of last wages drawn at the time of his death(say-A). Thereafter we calculate gratuity up to employees date of death(say B). We pay gratuity amount calculated as B and the amount A-B is being claimed from LIC. After receiving this amount from LIC we also pay it to the nominee of ex employee subject to the condition that total gratuity amount does not exceed Rs. 10 lakhs.
From India, Pune
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc