No Tags Found!

amarlove801@gmail.com
If employees is death Within a month if gratuity will be applicable if yes then what is the process
From India, Lucknow
vmlakshminarayanan
948

Hi,

Yes the Gratuity will be paid to the nominee of employee.

" The completion of continuous service of five years shall not be
necessary where the termination of the employment of any employee is due
to death or disablement:
Provided further that in the case of death of the employee, gratuity payable
to him shall be paid to his nominee or, if no nomination has been made, to
his heirs, and where any such nominees or heirs is a minor, the share of such
minor, shall be deposited with the controlling authority who shall invest the
same for the benefit of such minor in such bank or other financial institution,
as may be prescribed, until such minor attains majority."

From India, Madras
amarlove801@gmail.com
What is the calculation process any reason of giving gartuity
From India, Lucknow
alok-singh1
78

Dear Amar, VM Lakshminarayanan Sir transparently mentioned each and everything. Gratuity = (15 × last drawn salary × working tenure)/30.

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.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.