Gratuity is a benefit provided to any employee completing 5 years of continuous service, which cannot be adjusted against any dues. Similarly, a loan from the company cannot be adjusted against gratuity.
PF Loan and Withdrawal Options
However, regarding the point raised against the loan taken in case of any of the aforementioned reasons, you may avail a PF Loan, amount admissible up to 50% of your own contribution after completion of 7 years of service.
PF can be partially withdrawn under non-refundable advances against your PF account for the following unforeseen events:
- For illness treatment
- For marriages
- Education-related purposes
- In case of retrenchment/dismissal in the court of law
- For buying a site/house
Please refer to 68(B), 68(H), 68(J), 68(K), 68(N), 68(NN) on the [Epfo (Govt. of India) website](http://www.epfindia.com/).
Regards