Hi,
Please let me know the following:
1) Is one eligible for getting Gratuity after 4.9 years of continuous service?
2) If yes, please let me know the procedure for applying for the same.
Looking forward to valuable input from your side.
From India, Dehra Dun
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4Please let me know the following:
1) Is one eligible for getting Gratuity after 4.9 years of continuous service?
2) If yes, please let me know the procedure for applying for the same.
Looking forward to valuable input from your side.
From India, Dehra Dun
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Hi, As per Madras high court order those who were completed 4 years and 240 days they were eligible for gratuity. Regards, N.S. Bhanuprakasha
From India, Gurgaon
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From India, Gurgaon
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If in the 5th year the concerned employee has completed 240 days even then he would be eligible for gratuity.
From India, Delhi
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From India, Delhi
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The Payment of Gratuity Act, 1972 makes it mandatory for all employers with more than 10 employees to give them gratuity.
Employees, as defined here, are the ones hired on company payrolls. Trainees are not eligible, and gratuity is paid based on the employee's basic plus dearness allowance if any.
You become entitled to gratuity on resignation or retirement after five years or more of service.
In the case of an employee's death, the heir is entitled to the gratuity immediately, and the entire amount is tax-exempt.
The employer could also offer you an extra gratuity by deducting a portion of your salary as the cost to the company. When joining the organization, ask your employer for all the details concerning gratuity and how to calculate it.
To meet its liabilities towards gratuity, a company either funds the money from its pocket or opens a trust and puts in money for the gratuity fund. This fund is then managed either by an insurer or an actuarial company.
Revised Gratuity is Rs. 3.5 L to 10 L.
From India, Hyderabad
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Employees, as defined here, are the ones hired on company payrolls. Trainees are not eligible, and gratuity is paid based on the employee's basic plus dearness allowance if any.
You become entitled to gratuity on resignation or retirement after five years or more of service.
In the case of an employee's death, the heir is entitled to the gratuity immediately, and the entire amount is tax-exempt.
The employer could also offer you an extra gratuity by deducting a portion of your salary as the cost to the company. When joining the organization, ask your employer for all the details concerning gratuity and how to calculate it.
To meet its liabilities towards gratuity, a company either funds the money from its pocket or opens a trust and puts in money for the gratuity fund. This fund is then managed either by an insurer or an actuarial company.
Revised Gratuity is Rs. 3.5 L to 10 L.
From India, Hyderabad
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Hi,
As per the Chennai High Court judgment, if a person has completed continuous service of four years and in the fifth year serves for 240 days, and then resigns from the services, they are eligible for gratuity. If the employee does not complete five years of service and passes away or is retrenched, we are required to pay gratuity for the services they rendered.
R. Eagambaram
From India, Madras
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As per the Chennai High Court judgment, if a person has completed continuous service of four years and in the fifth year serves for 240 days, and then resigns from the services, they are eligible for gratuity. If the employee does not complete five years of service and passes away or is retrenched, we are required to pay gratuity for the services they rendered.
R. Eagambaram
From India, Madras
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Hi,
Yes, exactly in the 5th year, continuous completion of 240 days can make you eligible for gratuity. I am an example of the same. I received gratuity in 2005 when I completed a service of exactly 4 years and 9 months.
Simply get and fill out the form, then ask your employer to submit it properly. You will receive the gratuity amount within 2-3 months in your bank account (the account described in the form). Please ensure that the bank account you described in the gratuity form is open and active.
Regards,
Gaurav Arora
From India, Kota
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Yes, exactly in the 5th year, continuous completion of 240 days can make you eligible for gratuity. I am an example of the same. I received gratuity in 2005 when I completed a service of exactly 4 years and 9 months.
Simply get and fill out the form, then ask your employer to submit it properly. You will receive the gratuity amount within 2-3 months in your bank account (the account described in the form). Please ensure that the bank account you described in the gratuity form is open and active.
Regards,
Gaurav Arora
From India, Kota
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Hi As per the Act one can eligible for grauity is only 5 years continous service but 4.5 years also conunted as 5 Yrs service. hope you are clear.
From India, Madras
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From India, Madras
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Hi,
Any employee who has worked for 4 years and 8 months is eligible for gratuity. The process involves sending a letter to LIC with information about the date of joining, date of leaving, last basic salary, etc. After that, they will send you the cheque by post.
Thanks
From India, New Delhi
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Any employee who has worked for 4 years and 8 months is eligible for gratuity. The process involves sending a letter to LIC with information about the date of joining, date of leaving, last basic salary, etc. After that, they will send you the cheque by post.
Thanks
From India, New Delhi
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Dear,
As per the Payment of Gratuity Act, 5 years of service are mandatory to become eligible for gratuity. If the Madras High Court has given a judgment for 4 years and 240 days in the fifth year, it still cannot become a law. Therefore, based on that judgment, we cannot say that eligibility to receive gratuity is reduced from 5 years. So, dear, eligibility cannot be decided by one judgment, and it will remain five years.
From India, Delhi
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As per the Payment of Gratuity Act, 5 years of service are mandatory to become eligible for gratuity. If the Madras High Court has given a judgment for 4 years and 240 days in the fifth year, it still cannot become a law. Therefore, based on that judgment, we cannot say that eligibility to receive gratuity is reduced from 5 years. So, dear, eligibility cannot be decided by one judgment, and it will remain five years.
From India, Delhi
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Dear friends,
A query has been posted, but many have started replying even without knowing the exact answers. Later, we got an answer from Devi. If an expert is not answering a question, or until we get a correct answer from an expert, members from this forum can mislead newcomers, which I think is a dangerous situation. Throwing this thought out for a debate.
Regards,
PT Ramesan
From India, Tiruppur
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A query has been posted, but many have started replying even without knowing the exact answers. Later, we got an answer from Devi. If an expert is not answering a question, or until we get a correct answer from an expert, members from this forum can mislead newcomers, which I think is a dangerous situation. Throwing this thought out for a debate.
Regards,
PT Ramesan
From India, Tiruppur
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Although the eligibility for gratuity is typically 5 years, in your case, you have completed 4.9 years. Considering you have completed 4 full years of service, in the 5th year, you need 240 days of service to be counted as a full year of service.
From India, Delhi
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From India, Delhi
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Though eligibility for gratuity is 5 years, you have completed 4.9 years. In your case, you have completed 5 years because you have 4 complete years of service, and in the 5th year, you need 240 days of service to be taken as a full year of service.
From India, Delhi
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From India, Delhi
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Dear Mr. Rameshan,
The information about Devi is correct, but I do not agree with your remarks that all other answers are wrong. Even though all have discussed the issue related to 4.9 years, I did not find any time or duration-related answer in Devi's post. This does not provide the exact answer to the specific question.
This is my opinion, so I have posted it. Please do not mind.
Regards,
Gaurav
From India, Kota
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The information about Devi is correct, but I do not agree with your remarks that all other answers are wrong. Even though all have discussed the issue related to 4.9 years, I did not find any time or duration-related answer in Devi's post. This does not provide the exact answer to the specific question.
This is my opinion, so I have posted it. Please do not mind.
Regards,
Gaurav
From India, Kota
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He/she is eligible for gratuity after completing 4 years and nine months subject to 240 days in 5th year. Regards Ramana Reddy Head-HR
From India, Bangalore
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From India, Bangalore
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Hi, Good Morning to All.
A person is eligible for gratuity after the completion of continuous five years of service. As per the interpretation of the Madras High Court, if any worker has completed continuously 4 years and 240 working days, the employer may offer gratuity but it is not compulsory.
From India, Gurgaon
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A person is eligible for gratuity after the completion of continuous five years of service. As per the interpretation of the Madras High Court, if any worker has completed continuously 4 years and 240 working days, the employer may offer gratuity but it is not compulsory.
From India, Gurgaon
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