No Tags Found!


ritikachaurasia
3

Hello,
Would like to know, whether an employee is eligible for getting both gratuity benefit and retrenchment benefit, if the company retrenches an employee after his/her continuous 5 years of services.
If so, kindly help me out by providing the exact section as per Gratuity Act and Industrial Dispute Act.
If not, he/she will be eligible only for gratuity.
Awaiting for your response.
Regards,
Ritika Chaurasia

From India, Pune
abbasiti
517

Dear Ritika Chaurasia,
Gratuity has no connection with the retrenchment benefit. Gratuity payment is as per the Gratuity act for the service the employee already rendered. Retrenchment benefit is the compensation for the future service which get denied to the employee due to retrenchment.
Abbas.P.S

From India, Bangalore
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.