Payment Of Gratuity - Gratiuty Act

ajay.grover
Whether a retired executive who is on extension and working for the last five years is entiled to get gratuity under the payment of gratuity act. He has already got his gratuity for his service period after his retirement.
ajay.grover
EPF Confusion, Please Help
Dear Member,
Have you any circular regarding the limit of Pf contribution and Pension
You are requested to kindly mail me the circular or information regarding the same if you have on my E-Mail ID -
Thanks & Regards
Ajay Grover
amitavamaj
Hi,
In case the person has joined as a retainer,there is no liability to pay gratuity.
Regarding PF ad Pension contribution,please find below the calculations:
If (Basic+DA) is less than or equal to Rs.6500,3.67% goes to PF Fund and 8.33% goes to Pension Fund.(Employers part)
If (Basic+DA) more than Rs.6500,Rs.540(i.e.8.33%*Rs.6,500)goes to PF Fund and the rest amount goes to Pension Fund(Employers part)
Regards
Amitava Majumder
J.V.Mishra
Hi Amitava Ji,
I think If (Basic + DA) is more than 6500, Rs. 540 goes to Pension Fund & rest goes to PF .
Regards
J.V.Mishra
amitavamaj
Hi Mishra Ji,
The calculation of mine is correct.Please get back in case you are differing on the same.
Regards
Amitava
J.V.Mishra
Hi Amitava Ji,
There is no issue on first part of your advise related to distribution of PF and Pension Fund contribution. I have some doubt on second part. May be I am wrong?
Regards
J.V.Mishra
abbasiti
For a salary of Rs. 6500, Rs. 541 will go to Pension Fund and rest will be credited to individuai PF. . . . . . . . . . . Abbas.P.S
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