Respected Members,
I am Ramkrishna Jamsandekar - Sr. Manager - HR. I need a clarification regarding the Gratuity Act. Under the Payment of Gratuity Act, 1972, is there a maximum age limit for gratuity? Generally, organizations set the superannuation age at 58 to 60 years. If an employee continues working after reaching 60 years, is he still eligible for gratuity beyond the retirement age, i.e., after 60 years?
I am Ramkrishna Jamsandekar - Sr. Manager - HR. I need a clarification regarding the Gratuity Act. Under the Payment of Gratuity Act, 1972, is there a maximum age limit for gratuity? Generally, organizations set the superannuation age at 58 to 60 years. If an employee continues working after reaching 60 years, is he still eligible for gratuity beyond the retirement age, i.e., after 60 years?