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Gratuity

jitendersyadav Full Member - Member Since: Sep 2008
Subject - Gratuity
Thread Topic Post

Hi,

A employee, who has completed 5years in service, can claim gratuity during his service or it will be at the time of leaving the organisation.

Tks/Rgds
Jitender
durgaprasad.dutta - Member Since: Oct 2008
Subject - Re: Gratuity
Hi,

The employee can claim gratuity only at the time of leaving the service.

Regards,
Prasad
C.G.Rajaram - Member Since: Oct 2008
Subject - Re: Gratuity
An employee at the time of quitting the lhe job after completion of 4 years six months and one day can claim gratuity.
Aanchal Chhabria - Member Since: Oct 2008
Subject - Re: Gratuity
Hi all,

In case a company does not have any gratuity fund and if an employee who leaves the organisation after completion of 5 years, how can he claim gratuity.

Warm regards

Aanchal
jitendersyadav Full Member - Member Since: Sep 2008
Subject - Re: Gratuity
Dear Aanchal,

What do you mean by company does not have gratuity Fund.
As per Act if there is ten employees worked during twelve months. The act will applicable & employer have to pay.
If they denied, employee can put the case under Industrial Disput Act-1947 & Employer have to pay Gratuity alongwith Intrest.

Rgds/Jitender
malikjs Full Member - Member Since: Oct 2008
Subject - Re: Gratuity
Dear
if an employee has worked more than 5 years in an establishment ,he is entitle to get gratuity
when he quits the job.there is no question of gratuity fund.
than u will say company does not have wage fund so he will not pay wages.
dear sir it is not like that ,if gratuity act is applicable to company than they have to pay.
tks
j s malik
Rameshanpt - Member Since: Oct 2008
Subject - Re: Gratuity
Dear Sirs,

And as per gratuity act Company has to pay gratuity after completion of 5 years and if before that if an employee dies while he/she is in service gratuity is payable.

This is one of the very good social security benefit and a good tool as per law to reduce attrition

Regards

PT Rameshan
msrinivas - Member Since: Oct 2008
Subject - Re: Gratuity
Dear Jitender,

The Payment of Gratuity Act 1972 clearly describes that an employee can claim grauity in following circumstances:

Eligibility He / She is eligibile only when an employee completes completely
5 years but not only completing 4 years six months 1 day or
29 days but after completing of five years the fraction of above
six months will be treated as one completed year.

Claim He / She can claim only at the time of
(a) Resignation
(b) Retirement
(c) At the time of death, then the nominee can claim the gratuity,
therefore the HR department should take nomination form
in form 'F' just like PF declaration form at the time of joining
itself in whcih nominee will be mentioned.

Hope the matter is clear.

Thanks & Regards,

M Srinivas
Asst Manager - HR
Ramky Group of Companies
Hyderabad



9866005600
jitendersyadav Full Member - Member Since: Sep 2008
Subject - Re: Gratuity
What is the ceiling of Gratuity ?

Rgds/Jitender
malikjs Full Member - Member Since: Oct 2008
Subject - Re: Gratuity
dear
now salary is not criteria for getting gratuity but max gratuity one can get is 3.5 lacs
as per the gratuity act.
regards
j s malik


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