Can you please tell me if we can get the Gratuity amount to be paid in the following case?
Gratuity as Part of CTC
Gratuity is a part of CTC, deducted every month, and kept on the Employer's side. The employee has completed only 1 year, and the Employer terminates due to a merger/shutdown/closing of the company. In this case, the Employee did not resign, but the Employer terminated almost 70% of the employees due to the shutdown.
Please suggest. I know that it is not paid until the employee completes 5 years, but what about in the case explained above?
Regards,
Mamta
From India, Mumbai
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1Gratuity as Part of CTC
Gratuity is a part of CTC, deducted every month, and kept on the Employer's side. The employee has completed only 1 year, and the Employer terminates due to a merger/shutdown/closing of the company. In this case, the Employee did not resign, but the Employer terminated almost 70% of the employees due to the shutdown.
Please suggest. I know that it is not paid until the employee completes 5 years, but what about in the case explained above?
Regards,
Mamta
From India, Mumbai
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Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc