The enhancement of gratuity limit will definitely benefit the employees getting higher salary.
It is a fact that the salary of majority employees working in a private organisation is not enough and it generally varies from Rs.15,000 to Rs.30,000 and in such case the enhancement of gratuity amount from 3.5L to 10L is not going to be benefited more to the majority of the employees. In order to achieve Rs.10 L gratuity the salary of an employee shoud be Rs.50,000(approx).
In view of above my appeal to the Ministry of Labour & Employment as well as with Trade Unions to put efforts to restructure/amend the method of gratuity calculation i.e. the gratuity should be paid on the basis of at least 30 days per completed year of service instead of 15 days per completed year of service at present which is prevailing since long(as per gratuity payment act 1972) so that even if the salary is less, mojority of the employees will be benifited after serving the organisation for a long period.
It is a fact that the salary of majority employees working in a private organisation is not enough and it generally varies from Rs.15,000 to Rs.30,000 and in such case the enhancement of gratuity amount from 3.5L to 10L is not going to be benefited more to the majority of the employees. In order to achieve Rs.10 L gratuity the salary of an employee shoud be Rs.50,000(approx).
In view of above my appeal to the Ministry of Labour & Employment as well as with Trade Unions to put efforts to restructure/amend the method of gratuity calculation i.e. the gratuity should be paid on the basis of at least 30 days per completed year of service instead of 15 days per completed year of service at present which is prevailing since long(as per gratuity payment act 1972) so that even if the salary is less, mojority of the employees will be benifited after serving the organisation for a long period.