Hi, I have a query on Gratuity. I have joined an organization on June 2, 2008 and would like to know whether I would be eligible to get gratuity if 15 December 2012 is my last day in the organization.
Regards
From India, Thane
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Regards
From India, Thane
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Dear Vinay Bhandari,
You are not eligible for Gratuity payment as per the Payment of Gratuity Act 1972, as per Section 4 of the Payment of Gratuity.
Gratuity shall be payable to an employee on the termination of his employment after he has rendered continuous service for not less than five years:
(a) on his superannuation, or
(b) on his retirement or resignation.
Regards
From India, Rajamahendri
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10You are not eligible for Gratuity payment as per the Payment of Gratuity Act 1972, as per Section 4 of the Payment of Gratuity.
Gratuity shall be payable to an employee on the termination of his employment after he has rendered continuous service for not less than five years:
(a) on his superannuation, or
(b) on his retirement or resignation.
Regards
From India, Rajamahendri
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Mr. Vinay is right. If you are leaving the company and have already completed the period of 5 years (June 2008 to June 2012), then you are eligible for gratuity. If you are not leaving the company, you would receive the gratuity at the time of leaving. However, you will only receive it if you have completed 5 years in the same company.
From India, Bangalore
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From India, Bangalore
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Dear Mr. BSSV,
Year Means...........
June 2008 to June 2009 - Year 1
June 2009 to June 2010 - Year 2
June 2010 to June 2011 - Year 3
June 2011 to June 2012 - Year 4
As per my knowledge, he is not eligible in the year 2012; he is eligible after June 2013 only.
Regards
From India, Rajamahendri
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Year Means...........
June 2008 to June 2009 - Year 1
June 2009 to June 2010 - Year 2
June 2010 to June 2011 - Year 3
June 2011 to June 2012 - Year 4
As per my knowledge, he is not eligible in the year 2012; he is eligible after June 2013 only.
Regards
From India, Rajamahendri
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please observe the words, "if" you have completed 5 years!! I am just making him calculate so that he never forgets about gratuity calculation...
From India, Bangalore
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From India, Bangalore
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Dear BSSV minimum service period of Gratuty is 5 years than only u will get Gratuty RK Vyas
From India, Mumbai
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From India, Mumbai
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Dear all,
Yes, gratuity is payable after completion of 5 years, but if an employee has completed 4 years and 240 days in the last year, then he is also entitled to gratuity. In one case, the Madras High Court has held that an employee rendering continuous service for a period of one year, i.e., the fifth year, will be deemed to have continued in service for one year as stipulated by Section 2A of the act.
Regards,
Rajeev
HR
From India, Delhi
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Yes, gratuity is payable after completion of 5 years, but if an employee has completed 4 years and 240 days in the last year, then he is also entitled to gratuity. In one case, the Madras High Court has held that an employee rendering continuous service for a period of one year, i.e., the fifth year, will be deemed to have continued in service for one year as stipulated by Section 2A of the act.
Regards,
Rajeev
HR
From India, Delhi
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