Dear Seniors,
One of our employee has completed four years and attaining the retirement age next month as per the employment contract with the company. As per the gratuity act, gratuity is payable if:
4. Payment of gratuity.- (1) Gratuity shall
be payable to an
employee on the termination of his employment a
fter he has rendered
continuous service for not less than five years,--
(a) on his superannuation, or
(b) on his retirement or resignation, or
(c) on his death or disablement due to accident or disease:
Provided that the completion of continuous service of five years
shall not be necessary where the termination of the employment of any
employee is due to death or disablement:
I need to know on retirement gratuity. as he has not completed 5 years or even 4 years 8 months, then is the company still liable to pay him retirement gratuity.
Request to you please elaborate on this.
Thanks!
Saunee
One of our employee has completed four years and attaining the retirement age next month as per the employment contract with the company. As per the gratuity act, gratuity is payable if:
4. Payment of gratuity.- (1) Gratuity shall
be payable to an
employee on the termination of his employment a
fter he has rendered
continuous service for not less than five years,--
(a) on his superannuation, or
(b) on his retirement or resignation, or
(c) on his death or disablement due to accident or disease:
Provided that the completion of continuous service of five years
shall not be necessary where the termination of the employment of any
employee is due to death or disablement:
I need to know on retirement gratuity. as he has not completed 5 years or even 4 years 8 months, then is the company still liable to pay him retirement gratuity.
Request to you please elaborate on this.
Thanks!
Saunee