Is there is any change in the gratuity amount limit? Please do reply with the source document which has ruled a change in the same. Thanks
From India, Jaipur
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From India, Jaipur
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Dear,
Not changed so far. Please be informed that this information relates to the Payment of Gratuity Act, 1972.
With Regards, R.N. Khola
From India, Delhi
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422Not changed so far. Please be informed that this information relates to the Payment of Gratuity Act, 1972.
With Regards, R.N. Khola
From India, Delhi
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The payment of Gratuity Act 1972 Maximum Celing Amount 3,50,000/- Caclulation = {Lastdrawn(Basic+DA)*15*no.of years}/26 Regards Charvaka Reddy
From India, Hyderabad
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From India, Hyderabad
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The payment of Gratuity Act 1972 Maximum Celing Amount 3,50,000/- Caclulation = {Lastdrawn(Basic+DA)*15*no.of years}/26 Regards Charvaka Reddy
From India, Hyderabad
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From India, Hyderabad
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Is there require minimum five year ? If Yes the the 1st year training or probation period include or not ?
From United States, Santa Clara
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From United States, Santa Clara
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Dear Ashish,
Yes, a minimum of 5 years is required for gratuity. You asked whether the training period or probation period is included or not.
When an employee joins, they receive an appointment letter that includes a salary breakdown and mentions the probation period. The employee receives all benefits such as PF, SA, perks, etc., similar to regular employees. Upon completing the probation period, the company may confirm the employee's services with or without a salary hike. The only difference lies in the notice period. Therefore, the probation period is indeed included in calculating the total service.
Regarding training, if an employee receives only a consolidated stipend and their engagement letter states that they are not entitled to rights as regular employees, then the training period would not be considered.
Please share your thoughts.
RRS
From India, Delhi
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Yes, a minimum of 5 years is required for gratuity. You asked whether the training period or probation period is included or not.
When an employee joins, they receive an appointment letter that includes a salary breakdown and mentions the probation period. The employee receives all benefits such as PF, SA, perks, etc., similar to regular employees. Upon completing the probation period, the company may confirm the employee's services with or without a salary hike. The only difference lies in the notice period. Therefore, the probation period is indeed included in calculating the total service.
Regarding training, if an employee receives only a consolidated stipend and their engagement letter states that they are not entitled to rights as regular employees, then the training period would not be considered.
Please share your thoughts.
RRS
From India, Delhi
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Ashish The payment of Gratuity Act 1972 Yes minimum 5 years are required for gratuity. limit 3.5 lacs =15/26* no of years of service*last drawn salary (PF wages)
From India, Madras
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From India, Madras
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Thank you very much for your response.
Could anyone please explain how many acts are related to Contract Labour? Such as the Payment of Wages Act, Minimum Wages Act, Contract Labour (Regulation and Abolition) Act, and Workmen's Compensation Policy Act. Can anyone provide a detailed description?
From United States, Santa Clara
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Could anyone please explain how many acts are related to Contract Labour? Such as the Payment of Wages Act, Minimum Wages Act, Contract Labour (Regulation and Abolition) Act, and Workmen's Compensation Policy Act. Can anyone provide a detailed description?
From United States, Santa Clara
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Minimum Qualifying service for Gratuity under the Payment of Gratuity Act.docx