Hi,
I know any person is eligible for gratuity only when he has completed 5 continuos years in an organisation.
Now, my query is that if anyone is resigning from his company after completing 4 years and 10 months, and his notice period is 2 months then if he is serving the notice period and his 5 years will completed only while considering those 2 months of notice period, will he be eligible for gratuity?
Please advise!!
-Gaurav
From India
I know any person is eligible for gratuity only when he has completed 5 continuos years in an organisation.
Now, my query is that if anyone is resigning from his company after completing 4 years and 10 months, and his notice period is 2 months then if he is serving the notice period and his 5 years will completed only while considering those 2 months of notice period, will he be eligible for gratuity?
Please advise!!
-Gaurav
From India
2
Hello Gaurav If an employee has completed his 4 years and 240 days he is eligible to get gratuity. Pl . find the attched judgement of the Madras High court. regards, Parvez Pasta PSL Ltd.
From India, Ahmadabad
From India, Ahmadabad
Hi Gourav
If any employee completed his/her 5 years of contineous service, he is eligable to get gratuity as per the law but recent changes in the act modified as who completed 4 years and 240 days service in the oraganisation ( including layoff. leave with wages. sick leave). hHe/She highly eligable to get Gratuity
From India, Bangalore
If any employee completed his/her 5 years of contineous service, he is eligable to get gratuity as per the law but recent changes in the act modified as who completed 4 years and 240 days service in the oraganisation ( including layoff. leave with wages. sick leave). hHe/She highly eligable to get Gratuity
From India, Bangalore
Dear Seniors,
Please kindly clarify my doubts on gratuity issue.
Thanks in advance
Regards
Anil
From India, Hyderabad
Please kindly clarify my doubts on gratuity issue.
- Date of joining means actual date of join or after completion of probation period date ?
- Is 240 days taken for eligibility after deducting leaves?
- What is the formula for Gratuity ? and,
- Is there any upper limit for benefit amount?
Thanks in advance
Regards
Anil
From India, Hyderabad
Dear Anil
Please find the answer of your qurey in Blue color
From India, Kota
Please find the answer of your qurey in Blue color
- Date of joining means actual date of join or after completion of probation period date ? - Actual Date of joining
- Is 240 days taken for eligibility after deducting leaves? - With Leave
- What is the formula for Gratuity ? - Wages/26 * 15 * year of service
- Is there any upper limit for benefit amount?- No upper limit but 3,50,000 is tax free and above that limit taxable
From India, Kota
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