I have gone through the comments. Thanks. Are organizations getting insurance done as mandated in the Gratuity Act ?
From India, Delhi
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116From India, Delhi
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It is state-specific. Section 4A states that with effect from the date on which the appropriate government will notify as applicable, employers should ensure that the gratuity fund is invested in LIC or any other insurers prescribed. Therefore, there are a few states that have notified section 4A to be mandatory, and many other states are yet to do so.
From India, Kannur
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From India, Kannur
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SBT Vs Asst. Labour Commissioner- Gratuity dismissed employee-LTS.PD F
Gratuity calculation.doc