No Tags Found!

kwatra_harminder
1

Respected Seniors,
The Payment of Gratuity Act, 1972 specifies minimum continuous service of 5 years to be eligbile for gratuity benefits, but is silent on the maximum number of service. It has simply mentioned the amount of Gratuity limit to be Rs.10lac.
Does it mean, a person who has more than 33 years, in the present case 37 years, is eligible for gratuity?, computed as under:
salary X 15/26 x 37 = gratuity amount, and the amount of gratuity is within the prescribed limit of Rs.10 lac as amended by notification dated May 24, 2010.
kindly guide.
regards
Harminder

From India, Delhi
saiconsult
1898

An employee is entitled for the entire service without any maximum limit, put in by him till the date of retirement to be counted for gartuity, provided that if the amount exceeds Rs.10 lakhs, he is leigible only for 10 lakhs.
B.Saikumar
Hr & Labour Law advsior
Mumbai

From India, Mumbai
kwatra_harminder
1

Thanks Mr. Saikumar! I have further researched various judgement. This calculation formula is also applicable under Industrial Dispute Act. regards Harminder
From India, Delhi
vasant46
1

If a person who had 30 years of service on retirement date is given 4 more years extension without break will he get Gratutity for 34 four years?
From India, Chennai
saiconsult
1898

In my view,If the extension is in continuation of the existing tenure of service and he retires after 34 years of service, he should get gratuity for 34 years .
B.Saikumar
HR & Labour Law Advisor
Navi Mumbai

From India, Mumbai
Mahesh Khandelwal
1

Respected Members,

I am employed in a tea company that operates several tea estates and factories. A significant number of our staff and workers have dedicated 35 to 40 years of service.

As we are aware, the minimum requirement for eligibility to receive gratuity is 5 years. However, the question that arises is whether there exists a "maximum limit on the length of service" for gratuity payment.

I would greatly appreciate a clear response, including any relevant legal judgments, if available.

Thank you
Mahesh Khandelwal
+918017099070

From India, Calcutta
vmlakshminarayanan
922

Hi,

Minimum continuous service of 5 years is the eligible criteria for Gratuity.

But there is no such maximum limit on the length of service as per Gratuity Act.

With regard to Gratuity payment it is tax free upto Twenty Lakhs.

From India, Madras
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.