Is there is any change in the gratuity amount limit? Please do reply with the source document which has ruled a change in the same. Thanks
From India, Jaipur
From India, Jaipur
Dear
Not changed so far. Plz be informed that this information relates to Payment of Gratuity Act, 1972.
With Regards,
R.N.Khola
From India, Delhi
363Not changed so far. Plz be informed that this information relates to Payment of Gratuity Act, 1972.
With Regards,
R.N.Khola
From India, Delhi
The payment of Gratuity Act 1972 Maximum Celing Amount 3,50,000/- Caclulation = {Lastdrawn(Basic+DA)*15*no.of years}/26 Regards Charvaka Reddy
From India, Hyderabad
From India, Hyderabad
The payment of Gratuity Act 1972 Maximum Celing Amount 3,50,000/- Caclulation = {Lastdrawn(Basic+DA)*15*no.of years}/26 Regards Charvaka Reddy
From India, Hyderabad
From India, Hyderabad
Is there require minimum five year ? If Yes the the 1st year training or probation period include or not ?
From United States, Santa Clara
From United States, Santa Clara
Dear Ashish,
Yes minimum 5 years are required for gratuity.
You asked that whether training period or probation period included or not?
See, employee gets a appointment letter along with salary break up at the time of joining and probation period is also mentioned in that. Employee gets all the benefits like PF, SA, perks etc. just as other regular employees. After completion of probation period, company may confirm his services with or without any salary hike. Only difference would be the notice period. So probation period is very much included while calculating the service.
Now in case of training, if employee is getting only consolidated stipend, and it is mentioned in his engagement letter that you would not be entitled to rights of regular employees, then his training period would not be considered.
Please comment.
RRS
From India, Delhi
Yes minimum 5 years are required for gratuity.
You asked that whether training period or probation period included or not?
See, employee gets a appointment letter along with salary break up at the time of joining and probation period is also mentioned in that. Employee gets all the benefits like PF, SA, perks etc. just as other regular employees. After completion of probation period, company may confirm his services with or without any salary hike. Only difference would be the notice period. So probation period is very much included while calculating the service.
Now in case of training, if employee is getting only consolidated stipend, and it is mentioned in his engagement letter that you would not be entitled to rights of regular employees, then his training period would not be considered.
Please comment.
RRS
From India, Delhi
Ashish The payment of Gratuity Act 1972 Yes minimum 5 years are required for gratuity. limit 3.5 lacs =15/26* no of years of service*last drawn salary (PF wages)
From India, Madras
From India, Madras
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