Gratuity Payout Query
This query is for gratuity payout. We are a small company with 40 employees. We have gratuity provisions for our employees, but we are not covered by a gratuity insurance company. We lost an employee due to COVID. He had completed 2.6 years with the company. How is the gratuity calculated? Is the gratuity to be paid until the date of working or until retirement?
From India, Mumbai
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1This query is for gratuity payout. We are a small company with 40 employees. We have gratuity provisions for our employees, but we are not covered by a gratuity insurance company. We lost an employee due to COVID. He had completed 2.6 years with the company. How is the gratuity calculated? Is the gratuity to be paid until the date of working or until retirement?
From India, Mumbai
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Dear member, Gratuity to be paid till the date of his death not till the date of his retirement Regards
From India, Bengaluru
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From India, Bengaluru
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It would be advisable for you to consider opting for a special Gratuity Insurance policy with LIC, which includes life cover by paying an additional premium. This policy will cover the gratuity amount payable upon retirement, even if the insured employee passes away before reaching retirement.
From India, Salem
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From India, Salem
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N Covid 19 Corona Virus Dos & Don'ts - .docx
Death gratuity .zip