Dear Friends,
Greetings for the day. I have a question on the gratuity, though this subject has discussed in the length in the CTHR many times, and I have gone through that discussion also but I could not find the appropriate answer on the following points.
Is that mandatory to set-aside the gratuity funds with the LIC or any other trust from the inception.
Can the Employer pay the gratuity to the outgoing employees, when he /she leave the organization?
Can that legally deduct the gratuity amount on a monthly turn from the employees being a part of their CTC?
In case we opt for the LIC scheme, is it possible to switch the entire contribution to the LIC in the installments, if yes how many installments are allowed to pay the previous dues
Our company is planning to pay the gratuity to the outgoing employees on case to case basis, when its’ really become due.
I sincerely seek your help to get this implemented in our company .Kindly update
Many Thanks
Poonam Gandhi