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Dear Mukesh Gratuity = Last Drawn Wages (Basic + DA) *No of years worked * 15 /26 In case of death of an employee : Completion of minimum 5 years continuous service condition is not necessary
From India, Gurgaon
From India, Gurgaon
Dear Mukesh, In case of death of an employee : Completion of minimum 5 years continuous service condition is not necessary but minimum 240 days continuous service necessary...
From India, New Delhi
From India, New Delhi
Hi Mukesh,
There is also a concept called future service gratuity that is beneficial to the employees in case of an unfortunate event the nominee of the employee is entitled for the entire amount of gratuity the deceased employee would have received had he worked till retirement in the company.
Hence better than other normal gratuity schemes.
Regards
Prateek Singhal
From India, Mumbai
There is also a concept called future service gratuity that is beneficial to the employees in case of an unfortunate event the nominee of the employee is entitled for the entire amount of gratuity the deceased employee would have received had he worked till retirement in the company.
Hence better than other normal gratuity schemes.
Regards
Prateek Singhal
From India, Mumbai
Please refer Sec. 4 of the Payment of Gratuity Act, which says that completion of continuous service of five years shall not be necessary .........................is due to death or disablement.
Regards
From India, Hyderabad
Regards
From India, Hyderabad
Dear Friend,
If basic is Rs.7000/-, his nominee will get an amount of Rs.16154/- for four years of service. In death cases no minimum service is needed to get gratuity benefit.
N.LOKANADHA BABU, MANAGER-HR
From India, Guntur
If basic is Rs.7000/-, his nominee will get an amount of Rs.16154/- for four years of service. In death cases no minimum service is needed to get gratuity benefit.
N.LOKANADHA BABU, MANAGER-HR
From India, Guntur
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