1
Hello friend,
The benefits provided by an organization which will be due at the time of retirement - for example, Provident Fund, Superannuation, and in case the company has its pension scheme - can be considered as a retirement benefit. While gratuity is applicable on completion of 5 years of service and is paid to the employee when he/she leaves the organization, however, this can also be considered as a retirement benefit as it is paid when an employee retires from the organization and not in between.
Regards,
Nishikant
From United States, Greensboro
Acknowledge(0)
Amend(0)
The benefits provided by an organization which will be due at the time of retirement - for example, Provident Fund, Superannuation, and in case the company has its pension scheme - can be considered as a retirement benefit. While gratuity is applicable on completion of 5 years of service and is paid to the employee when he/she leaves the organization, however, this can also be considered as a retirement benefit as it is paid when an employee retires from the organization and not in between.
Regards,
Nishikant
From United States, Greensboro
Acknowledge(0)Amend(0)Gathering data for an AI comment.... Sending emails to relevant members...
Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Employee Benefits.doc
SBT Vs Asst. Labour Commissioner- Gratuity dismissed employee-LTS.PD F