Dear all,
I worked in a private institution named Sona College of Technology for 7 years and 4 months (1 year and 3 months approved sabbatical leave). After I resigned from the institution, I applied for the gratuity funds. However, I received no information regarding it for 2 years and 10 months.
When I approached them for the gratuity, I demanded a 10% interest on the gratuity funds as compensation. Later, HR sent me a cheque for Rs. 100,130. However, he did not explain whether the interest rate I demanded was included or not in the cheque. When I asked for an explanation, he did not reply to my email or did not reply to me properly over a phone call.
How can I get to know the details of my gratuity?
From India, Madras
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I worked in a private institution named Sona College of Technology for 7 years and 4 months (1 year and 3 months approved sabbatical leave). After I resigned from the institution, I applied for the gratuity funds. However, I received no information regarding it for 2 years and 10 months.
When I approached them for the gratuity, I demanded a 10% interest on the gratuity funds as compensation. Later, HR sent me a cheque for Rs. 100,130. However, he did not explain whether the interest rate I demanded was included or not in the cheque. When I asked for an explanation, he did not reply to my email or did not reply to me properly over a phone call.
How can I get to know the details of my gratuity?
From India, Madras
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Hello Friend,
If the amount of gratuity is not paid by the employer within the period specified in sub-section (3), he shall pay, from the date on which the gratuity becomes payable to the date on which it is paid, simple interest at such rate not exceeding the rate notified by the Central Government from time to time for repayment of long-term deposits; provided that no such interest shall be payable.
Under Section 7(3), the employer shall arrange to pay the amount of gratuity within 30 days from the date it becomes payable.
From India, Mumbai
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454If the amount of gratuity is not paid by the employer within the period specified in sub-section (3), he shall pay, from the date on which the gratuity becomes payable to the date on which it is paid, simple interest at such rate not exceeding the rate notified by the Central Government from time to time for repayment of long-term deposits; provided that no such interest shall be payable.
Under Section 7(3), the employer shall arrange to pay the amount of gratuity within 30 days from the date it becomes payable.
From India, Mumbai
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Thanks for your reply, Mr. Ravi. The HR has sent me a cheque for Rs. 100310 already. However, I am not sure whether he has included the interest or not! Should I take legal action or leave it as such? Why is the HR not explaining to me how the gratuity is calculated?
From India, Madras
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From India, Madras
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Hello Friend,
You have all the rights to understand the calculation done by HR. I suggest going through the below-mentioned formula for Gratuity and then coming to a conclusion.
Put all your figures into the formula, and you will come to know:
Gratuity = (Basic + DA) x 15/26 x number of years.
From India, Mumbai
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You have all the rights to understand the calculation done by HR. I suggest going through the below-mentioned formula for Gratuity and then coming to a conclusion.
Put all your figures into the formula, and you will come to know:
Gratuity = (Basic + DA) x 15/26 x number of years.
From India, Mumbai
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The educational institutions, including private ones, are amenable to RTI. Therefore, raise a query to the Public Information Officer (PIO) of the college, and the PIO has to reply within 30 days. You can make use of this provision to get the details.
From India, Mumbai
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From India, Mumbai
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Thanks for your information KK!HR. This will do the needful.
From India, Madras
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From India, Madras
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Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc