Administration Head
+1 Other

PRIME SPONSOR - FACTOHR - Payroll Software with GPS Enabled Attendance, Travel, Performance Management, HRMS. Explore Features
Dear Seniors
I would like to know that, apart from LIC, which all are the service provided for Gratuity.
May I get the Chart/program through which I can calculate the premium of all the employees as on date
Please help
Gopal Kumar
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
SBI Life Insurance and Tata AIG Life Insurance also have group gratuity schemes.
Gratuity payment is calculated as 15/28 of monthly basic pay for every year of completed service, which is paid out when an employee retires or leaves the organisation.
Thank you Mr. Prasoon
Noted. Also, a querry is there, if possible, a company changes their name after regular interval in a span of 5-6 years 3-4 times but employees are intact with them for same duration.
Is employees are eligible for Gratuity.
Pls suggest
Gopal Singh
Mr. Gopal i request you to go with this link for your answers about Gratuity.
Dear Mr. Gopal,
First of all i didnt understand the reason behind company changing its name 3-4 times in a span of 5-6 years. This action must be to manipulate the acts and rules. Very unfortunate.
As far as gratuity applicability is concerned if employer-employee relationship had continued and the relationship was not snapped, employees are eligible for gratuity.
PRIME SPONSOR - TALENTEDGE "Interactive Anywhere Learning". Executive courses from top reputed institutes like IIM, XLRI, MICA. View Courses
Add Reply Start A New Discussion

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2019 Cite.Co™