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Dear Mukesh Gratuity = Last Drawn Wages (Basic + DA) *No of years worked * 15 /26 In case of death of an employee : Completion of minimum 5 years continuous service condition is not necessary
From India, Gurgaon
From India, Gurgaon
Dear Mukesh, In case of death of an employee : Completion of minimum 5 years continuous service condition is not necessary but minimum 240 days continuous service necessary...
From India, New Delhi
From India, New Delhi
It depends upon the group gratuity policy you have taken from the Insurance institutions.
Generally, there is a separate life cover also...thats apart from the regular gratutity coverage paid at the time of separation from the establishment.
regrads,
Kamal
From India, Pune
Generally, there is a separate life cover also...thats apart from the regular gratutity coverage paid at the time of separation from the establishment.
regrads,
Kamal
From India, Pune
Hi Mukesh,
There is also a concept called future service gratuity that is beneficial to the employees in case of an unfortunate event the nominee of the employee is entitled for the entire amount of gratuity the deceased employee would have received had he worked till retirement in the company.
Hence better than other normal gratuity schemes.
Regards
Prateek Singhal
From India, Mumbai
There is also a concept called future service gratuity that is beneficial to the employees in case of an unfortunate event the nominee of the employee is entitled for the entire amount of gratuity the deceased employee would have received had he worked till retirement in the company.
Hence better than other normal gratuity schemes.
Regards
Prateek Singhal
From India, Mumbai
An employee served continuous service for 4 year,in the fifth year he served for 15 days then fell seriously ill ,could not continued duty and later died with in 50 years of 5th year.
will he be eligible for gratuity.if yes what amt if his basic is rs, 7000
From India, Jaipur
will he be eligible for gratuity.if yes what amt if his basic is rs, 7000
From India, Jaipur
Please refer Sec. 4 of the Payment of Gratuity Act, which says that completion of continuous service of five years shall not be necessary .........................is due to death or disablement.
Regards
From India, Hyderabad
Regards
From India, Hyderabad
Dear Friend,
If basic is Rs.7000/-, his nominee will get an amount of Rs.16154/- for four years of service. In death cases no minimum service is needed to get gratuity benefit.
N.LOKANADHA BABU, MANAGER-HR
From India, Guntur
If basic is Rs.7000/-, his nominee will get an amount of Rs.16154/- for four years of service. In death cases no minimum service is needed to get gratuity benefit.
N.LOKANADHA BABU, MANAGER-HR
From India, Guntur
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