How many years stay with company gratuity will be given to employee?
From India, Jalalpur
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3From India, Jalalpur
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Dear Krishna, Anyone working for more than 4 years and 240 days is entitled for gratuity.
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Eligibility for Gratuity Act says 5 years continuous service.
From India, Pune
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From India, Pune
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There is no amendment in the Gratuity Act to pay gratuity to an employee who worked for 4 years and 240 days. The company can deny payment, and the employee has to seek legal recourse to receive the gratuity amount.
Suresh
From India, Thane
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Suresh
From India, Thane
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As per the Payment of Gratuity Act, 1972, an employee becomes eligible for gratuity when they have completed five years of service. If an employee has worked for 240 days in a year, that year is considered a complete year. Therefore, since the employee in question has completed four years and 240 days, they will be eligible for gratuity but only after completing a full five years, regardless of whether they work the remaining period beyond 240 days or not.
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