Hi Friends, Please solve my query. Can an employee is eligible for getting two times gratuity on completion of 10 years of service in a single organisation. Thanx Regards, Preeti
From India, Raipur
From India, Raipur
Hi Preeti...
every employee is eligable for gratuity on completion of 5 continuous years of service. and it will be only 1 time payment after separation and you will not get 2 times gratuity for completing 10 yrs.
please find the formula for gratuity
((Basic + DA)*15/26)*No. of years of service )
hope that clarifies
From India, Chennai
21every employee is eligable for gratuity on completion of 5 continuous years of service. and it will be only 1 time payment after separation and you will not get 2 times gratuity for completing 10 yrs.
please find the formula for gratuity
((Basic + DA)*15/26)*No. of years of service )
hope that clarifies
From India, Chennai
Relocate to Pune help me to get suitable job. Having Manft. Exp. 18+ Yrs.in HR/IR & Per/Admin Kindly suggest me a job. Knowlgd.Marathi. K.gaddam
From India, Hyderabad
From India, Hyderabad
Dear Preeti,
Refer to your query, Pl go through Sec 4 of Payment of Gratuity Act -1972 for eligibility criteria of an employee for Gratuity - the section describes that, If any employee have completed 5 years continuous service at the time of leaving from the organisation on resignation, retirement, superannuation or any contract of agreement between employer and employee etc.
Gratuity is payable for every completed year of service or part there of in excess of 6 months service @ 15 days of wages payable to the employee. Calculation is = Last Drawn Basic + DA * 15 * No.of.Yrs Service divided by 26.
Regards
V R RAO PULIPAKA
From India, Bangalore
Refer to your query, Pl go through Sec 4 of Payment of Gratuity Act -1972 for eligibility criteria of an employee for Gratuity - the section describes that, If any employee have completed 5 years continuous service at the time of leaving from the organisation on resignation, retirement, superannuation or any contract of agreement between employer and employee etc.
Gratuity is payable for every completed year of service or part there of in excess of 6 months service @ 15 days of wages payable to the employee. Calculation is = Last Drawn Basic + DA * 15 * No.of.Yrs Service divided by 26.
Regards
V R RAO PULIPAKA
From India, Bangalore
Hi! this is priya I want to know about about payroll, PF, ESI, gratuity its calculations and need to understand the terms too
From India, Bhopal
From India, Bhopal
I may give you the full information in this regard as per Payment of Gratuity Act :-
As per your case you are eligible for getting Gratuity as per the calculation formula given by all , where one point is missing , that in the last year of the service if you have completed 06 ( Six ) months of service then you are eligible for getting the Gratuity for that full year . e.g. if you have served 10 years and 06 months then you are eligible for gratuity for 11 years and if you have served 9 years and 6 months then you are eligible for gratuity for 10 years.
I hope with this quote your point stands fully clarified ,
Arun Kumar Walia
From India, Bhiwani
As per your case you are eligible for getting Gratuity as per the calculation formula given by all , where one point is missing , that in the last year of the service if you have completed 06 ( Six ) months of service then you are eligible for getting the Gratuity for that full year . e.g. if you have served 10 years and 06 months then you are eligible for gratuity for 11 years and if you have served 9 years and 6 months then you are eligible for gratuity for 10 years.
I hope with this quote your point stands fully clarified ,
Arun Kumar Walia
From India, Bhiwani
Hi Bidyadha,
Employees PF contribution of 12% have to be dedcuted on following allowances -
1) Basic Wages + DA
2) Retaining Allowance (if any)
3) cash value of Food concession
Further any details please refer the Section 6 of EPF Act, 1952.
From India, Mumbai
Employees PF contribution of 12% have to be dedcuted on following allowances -
1) Basic Wages + DA
2) Retaining Allowance (if any)
3) cash value of Food concession
Further any details please refer the Section 6 of EPF Act, 1952.
From India, Mumbai
Calculation of Gratuity Sir I heard recently that calculation of gratuity is being consider by the labour ministry instead of 15 days to 21days or so kindly clarify and reply sir Narayan k vil
From India, Udupi
From India, Udupi
Dear Seniors,
I was working in a (MNC) HYDRO ELECTRIC POWER PROJECT for the last 5.9 year and admitted my resignation ; which is duly approved by my Site Incharge. But HR Manager said that you r not Eligible to get your GRATUITY. When i request to him why it is ; he had no answer simply said no.
So Dear Seniors please help me regarding this what should i do. MAy i go through COURT or anything else.
Thanx,
Sachin
+91 98160 66582
From India, Jaipur
I was working in a (MNC) HYDRO ELECTRIC POWER PROJECT for the last 5.9 year and admitted my resignation ; which is duly approved by my Site Incharge. But HR Manager said that you r not Eligible to get your GRATUITY. When i request to him why it is ; he had no answer simply said no.
So Dear Seniors please help me regarding this what should i do. MAy i go through COURT or anything else.
Thanx,
Sachin
+91 98160 66582
From India, Jaipur
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FORM-F-NOMINATI ON OF GRATUITY.pdf
Gratuity Form I.doc