An employee who joined a company on 01.11.2019 and met with a fatal road accident on 26.06..2020.The employee;s basic salary ( including DA) was 26000/per month ( ie salary being reckoned for calculation of gratuity ) The company has enlisted him under group gratuity scheme linked to L I C of India, as applicable to regular employees .The employee’s age at the time of death was 21 and he had a residual service of 37 years as the standing orders prescribes the age of superannuation as 58.
Please enlighten if the employee is eligible for gratuity and if so how much he would get?
From India, Chennai
49Please enlighten if the employee is eligible for gratuity and if so how much he would get?
From India, Chennai
I due to the accident he has been totally disabled, then only he will bet gratuity. Under the Death cum Gratuity Scheme, the employee permanently disabled or the dependents of the deceased employee shall get gratuity considering his actual service and notional service projected to date of superannuation. Note that all policies shall not have this benefit but policies which assure this death benefits only have this benefit. For this an additional premia will have to be paid by the employer.
From India, Kannur
From India, Kannur
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.
Gratuity Eligibility.pdf
Gratuity eligibility for less than 5 yrs. (4yrs.240days). docx