Hi All, Please help me to know 1.The eligibility for Gratuity. 2.P.F Withdrawal procedure in case of death
From India, Mumbai
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2From India, Mumbai
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Hi, 5 years after confirmation of a job with all eligible leaves and holidays an employee is eligible to claim gratuity. It is calculated on 26 days basis on Basic and DA. Franklyne
From India, Coimbatore
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From India, Coimbatore
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You should consider The Payment of Gratuity Act, 1972. Go through the link; you may find it useful. [The Payment of Gratuity Act, 1972](http://www.netlawman.co.in/acts/payment-gratuity-act-1972.php)
From India, Delhi
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From India, Delhi
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Gratuity: Eligibility to receive gratuity is a minimum of 5 years of service. The calculation of wages is based on 15 days' wages for every completed year, assuming the month comprises 26 days, at the last drawn wages. The maximum ceiling is Rs. 3,50,000.
PF withdrawal in the case of death:
The nominee of the deceased worker/employee must submit the necessary papers through the factory/company to the Provident Fund Commissioner. (G K Sharma)
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PF withdrawal in the case of death:
The nominee of the deceased worker/employee must submit the necessary papers through the factory/company to the Provident Fund Commissioner. (G K Sharma)
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Most people are of the view that gratuity is payable only if the employee has completed 5 years of continuous service with a company. However, there are two more conditions under which the company is bound to pay gratuity to its employees: a) in case the employee dies on duty, and b) in case the employee is totally disabled while on the job. You can refer to the Payment of Gratuity Act for more information. Nowadays, LIC also covers the payment of gratuity for employees. I invite the comments of my seniors to correct me if I am wrong.
Regards,
Komal
From France, Voreppe
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Regards,
Komal
From France, Voreppe
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Dear [Recipient],
If a person has worked for 4 years and 245 days, they shall be eligible for the payment of Gratuity. In the case of death before completing 5 years, the individual shall still be eligible for gratuity. Gratuity is calculated as follows: Last Basic + DA divided by 26, multiplied by the number of years of service, and then divided by two.
Please note that if in the last year the individual has worked for more than six months, it will be counted as a full year. However, if they have worked for less than six months, it will be ignored.
Kind regards,
Ak Malhotra
From India, Guwahati
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If a person has worked for 4 years and 245 days, they shall be eligible for the payment of Gratuity. In the case of death before completing 5 years, the individual shall still be eligible for gratuity. Gratuity is calculated as follows: Last Basic + DA divided by 26, multiplied by the number of years of service, and then divided by two.
Please note that if in the last year the individual has worked for more than six months, it will be counted as a full year. However, if they have worked for less than six months, it will be ignored.
Kind regards,
Ak Malhotra
From India, Guwahati
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Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc