Dear Seniors, Please help me to know whether person employed on daily wages rolls are entitled for Gratuatity and Pension benifits. Please reply to this post. Regards, Kosh ====
From India, Delhi
7From India, Delhi
Dear Kosh, Yes, the a person is employed on daily wage basis is also entitled for gratuity and pension benefits.... Regards, Shreekanth.P.R
From India, Mumbai
From India, Mumbai
Dear Shreekanth, I request you to elaborate how to compute gratuity and pension for daily wagers if they have work for 1 years and 7 months. Regards, Kosh ====
From India, Delhi
From India, Delhi
Dear Kosh,
An employee should have rendered continuous service in one organization for at least 5 years to become eligible for Gratuity payment. Your employee has rendered a service of 1 year 7 months. Hence he is not eligible for the Gratuity payment.
An employee is entitled to get gratuity even before complication of 5 years service provided (the employee should have become permanently disabled. in case of death his family will receive the gratuity amount) that the employer is tied up with the LIC and should have contributed to the gratuity amount monthly. The actual amount and the interest accrued therein will be given to the employee.
The Gratuity amount is paid only after the separation of the employee from the organization or after superannuation of the employment.
Regards,
Shreekanth.P.R
From India, Mumbai
An employee should have rendered continuous service in one organization for at least 5 years to become eligible for Gratuity payment. Your employee has rendered a service of 1 year 7 months. Hence he is not eligible for the Gratuity payment.
An employee is entitled to get gratuity even before complication of 5 years service provided (the employee should have become permanently disabled. in case of death his family will receive the gratuity amount) that the employer is tied up with the LIC and should have contributed to the gratuity amount monthly. The actual amount and the interest accrued therein will be given to the employee.
The Gratuity amount is paid only after the separation of the employee from the organization or after superannuation of the employment.
Regards,
Shreekanth.P.R
From India, Mumbai
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Daily Wages Rs. 137 from Rs. 100_14-06-2016_ ESI (Central) Amendment Rules 2016.pdf