Dear All,
I have a query regarding a gratuity. We have registered under Factories Act and gratuity will be applicable to our industry.
We started in the year 2010 and we started including gratuity as the part of their CTC. If we continue to do the same whether we need to repay that amt even if the employee leave before completion of 5 years.
In the same context, if employee complete 5years and still continue the service in the company and if he leaves in the 7th year hw the gratuity is calculated whether we need to pay fr 3 years (15days of basic and DA per year) Pls suggest on thsi query.
I have a query regarding a gratuity. We have registered under Factories Act and gratuity will be applicable to our industry.
We started in the year 2010 and we started including gratuity as the part of their CTC. If we continue to do the same whether we need to repay that amt even if the employee leave before completion of 5 years.
In the same context, if employee complete 5years and still continue the service in the company and if he leaves in the 7th year hw the gratuity is calculated whether we need to pay fr 3 years (15days of basic and DA per year) Pls suggest on thsi query.