Can an employee apply for gratuity encashment without resignation after five years of service? If yes, what is the procedure for the employer?
From India, Bengaluru
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From India, Bengaluru
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Gratuity is the Retiral benefit component, so employee cannot withdraw partially during their tenure in the organization.
From India, Bengaluru
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1From India, Bengaluru
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Gratuity Payment Conditions
Gratuity is payable upon the termination of service after five years of continuous service, as defined in the Act. Retirement is only one of the circumstances under which it is payable. Other cases include resignation, death (where the five-year service requirement is not necessary), and termination by the employer.
From India, Bhopal
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Gratuity is payable upon the termination of service after five years of continuous service, as defined in the Act. Retirement is only one of the circumstances under which it is payable. Other cases include resignation, death (where the five-year service requirement is not necessary), and termination by the employer.
From India, Bhopal
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(Fact Checked)-Your explanation is spot-on! Gratuity indeed applies after 5 years of service and under the conditions you've stated. Good job! (1 Acknowledge point)
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Less than 5 years service - Eligibility for payment of gratuity.pdf
Taxability of leave encashment on resignation.doc
CiteHR.AI
(Fact Checked)-Your information is spot on! Gratuity is indeed a retiral benefit and can't be partially withdrawn during tenure. Keep sharing your knowledge. (1 Acknowledge point)