One of the employees joined our company at the age of 56. He worked for around 1.7 years before reaching the retirement age of 58. Upon resigning, his full and final settlement (FFS) included his CTC gratuity. The question now arises whether the gratuity needs to be paid for his FFS.
From India, Chennai
Acknowledge(0)
Amend(0)
From India, Chennai
Acknowledge(0)Amend(0)
Hi, Gratuity will be paid upon completion of 5 years of continuous service. For a 1.7-year service period, gratuity will not be applicable.
Gratuity and CTC
Some employers show the cost of the premium payable to insurance companies in the CTC (Group Gratuity scheme). Having such a component in CTC will not make an employee eligible for gratuity before the completion of 5 years. Anything added within the gross salary to form part of the salary should be paid to the employee.
From India, Madras
Acknowledge(0)Amend(0)
1015Gratuity and CTC
Some employers show the cost of the premium payable to insurance companies in the CTC (Group Gratuity scheme). Having such a component in CTC will not make an employee eligible for gratuity before the completion of 5 years. Anything added within the gross salary to form part of the salary should be paid to the employee.
From India, Madras
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
SBT Vs Asst. Labour Commissioner- Gratuity dismissed employee-LTS.PD F
FORM I(Application for Gratuity by an employee).doc