Can i withdraw gratuiTy amount aft 5 years with same employer without quitting the job.e.g incase of emergency or to pay loan or buy house
From India, Pune
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From India, Pune
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Dear Mr. Ampash,
Gratuity is a benefit provided to any employee completing 5 years of continuous service, which cannot be adjusted against any dues. Similarly, a loan from the company cannot be adjusted against gratuity.
However, regarding the point raised against the loan taken in case of any of the aforementioned reasons, you may avail a PF Loan, amount admissible up to 50% of your own contribution after completion of 7 years of service.
PF can be partially withdrawn under non-refundable advances against your PF account for the following unforeseen events:
- For illness treatment
- For marriages
- Education-related purposes
- In case of retrenchment/dismissal in the court of law
- For buying a site/house
Please refer to 68(B), 68(H), 68(J), 68(K), 68(N), 68(NN) on the [Epfo (Govt. of India) website](http://www.epfindia.com/).
From India, Visakhapatnam
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995Gratuity is a benefit provided to any employee completing 5 years of continuous service, which cannot be adjusted against any dues. Similarly, a loan from the company cannot be adjusted against gratuity.
However, regarding the point raised against the loan taken in case of any of the aforementioned reasons, you may avail a PF Loan, amount admissible up to 50% of your own contribution after completion of 7 years of service.
PF can be partially withdrawn under non-refundable advances against your PF account for the following unforeseen events:
- For illness treatment
- For marriages
- Education-related purposes
- In case of retrenchment/dismissal in the court of law
- For buying a site/house
Please refer to 68(B), 68(H), 68(J), 68(K), 68(N), 68(NN) on the [Epfo (Govt. of India) website](http://www.epfindia.com/).
From India, Visakhapatnam
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Withdrawal of PF for housing loan 5.6.2012.pdf
Employee Benefits.doc