Dear all 1) In the earlier reply I assumed that Employee under reference is regular employee 2) If, remember if you have made LIC Group Gratuity Trust & the employee's name is included in the LIC list, then only LIC will calculate gratuity as if employee has rendered service up 58 years of age.3) Employer has to submit the claim form to LIC 4) It is not obligatory on the part of employer to make LIC Group Gratuity trust. Employer is only liable for payment of Gratuity for the services completed by employee.5) Gratuity calculation Formula Salary (Basic+DA )= 5000/26X15X20 years=Rs 57692/- 6) As mentioned above if employee is a member of PF & FPF his family ( Widow/widower ) will be eligible for pension & PF withdrawl benefit as per PF Act 1952
SDP
SDP