Dear Friends,
Correct me if i am wrong, As per the Gratuity Act 1972 in case of Death-Employee is eligible to get their gratuity amount from the date of joining till expected age of retirement that is 58 years without considering minimum working of 5 years.
For Example-
Joining date of Mr. A - 8-4-2009, Date of birth of Mr. A - 25-6-1958,
Date of Death of Mr. A – 28-7-2009, Last basic salary – 8984/- pm,
My questions:-
1. For how much period Mr. A is eligible for gratuity.
2. How much amount will be paid to Mr. A as a gratuity amount and what will be the calculation.
3. Company has employee gratuity trust with LIC. How the insurance company will pay the amount (in one slot or different slot like one amount for actual working or one for expected working period).
4. If someone has any written article as per the Gratuity act 1972 mentioning that “in case of employee death, employee is eligible to get gratuity from the DOJ to till expected date of retirement i.e 58 yeras”. Please provide me.
Correct me if i am wrong, As per the Gratuity Act 1972 in case of Death-Employee is eligible to get their gratuity amount from the date of joining till expected age of retirement that is 58 years without considering minimum working of 5 years.
For Example-
Joining date of Mr. A - 8-4-2009, Date of birth of Mr. A - 25-6-1958,
Date of Death of Mr. A – 28-7-2009, Last basic salary – 8984/- pm,
My questions:-
1. For how much period Mr. A is eligible for gratuity.
2. How much amount will be paid to Mr. A as a gratuity amount and what will be the calculation.
3. Company has employee gratuity trust with LIC. How the insurance company will pay the amount (in one slot or different slot like one amount for actual working or one for expected working period).
4. If someone has any written article as per the Gratuity act 1972 mentioning that “in case of employee death, employee is eligible to get gratuity from the DOJ to till expected date of retirement i.e 58 yeras”. Please provide me.