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Doubt on gratuity
Dear alli hav a doubt in gratuity...actually gratuity will be given to employees who has completed 5 yrs of continuous service... this is stated in the gratuity act 1972.but in it companies gratuity is deducted from the basic salary of the employees... they are deducting 4.81 of hy they are deducting...? gratutiy is one of the benefits of employee provided by the organization. but these it companies are deducting from their employees itself...? whats the reason...please clear me...
Regarding labour laws
Dear seniors we are in construction business so does minimum wages for shop and establishment will be applicable to us?? we are group of companies and currently in 8 co. we have distributed employees. no company exists 20 employees. are we come under gratuity act??? do we come under pf and esic acts?? we also run a trust in our trust employees are more that 28 so do we come under pf and esic act. our trust mainly works to serve community children by providing them scholarship help and even other students out of community also we provide scholarship also we help to women and work for women empowerment. my question is do our trust comes under pf esic gratuity act & minimum wages act??
Gratuity
Hi all wanted to understand is it mandatory to have a trust for gratuity. we are a 100 people software development company we don t have a gratuity trust as such but we pay gratuity to our employees who have worked for minimum three years with us on their exit. regards cj patel cjpatelhotmail.com"cjpatelhotmail.com
Gratuity liability
Dear all we wish to seek clarification with regard to payment of gratuity to our employees. we are a mid size company having close to 600 personnel on our rolls. we do not wish to make a trust nor wish to become members of lic or other recoganised financial body managing gratuity of employees. however we continue to pay gratuity whenever an employee leaves or in case of death as applicable. will this be in order or it is manadatory to maintain either a trust or become members of an organised body for the management of gratuity? thanks & regards kalpana rawat
Implementaion of gratuity act
Dear seniors greetings for the day we at our office are planning to implement gratuity act we have contacted our agents and got quotations for enrolling into gratuity scheme... i understand that certain documentation is required to get enrolled into the scheme and am looking for the information about the gratuity trust formation process... could any one help me with the details in forming the gratuity trust like who can be the trustees ? on what factors we can appoint one person as trustee any eligibility criteria ? can we appoint other than employees as trustees ? thanks & regards ramu kakitha
Bonus payment - employees under trust
A charitable trust runs a hospital counselling centre csr arms for group companies and also a community college for the benefits of students in rural areas. in these hospital alone has a business dealings and other divisions are managed by the donations receivables. now my query is whether the employees working in all the divisions under the roof of a trust are come under the purview of payment of bonus act. are the management liable to pay bonus. request seniors views please.