May we know the eligibility criteria for Gratuity in a Private Limited Company
From India, Hyderabad
1From India, Hyderabad
## Eligibility for gratuity for an employee-
1.An employee retires after completing 5 years of working with the same organization.
2.An employee resigns after 5 years of working with the same organization.
3.An employee passes away or suffers disability due to illness or an accident .
** An employee can claim gratuity before completion of 5 years only in two instances i.e occurrence of death or occurrence of disability due to illness or accidents. In the instance of Death the claim would be transferred to the assigned nominee.
Regards,
Amit
From India, Delhi
1.An employee retires after completing 5 years of working with the same organization.
2.An employee resigns after 5 years of working with the same organization.
3.An employee passes away or suffers disability due to illness or an accident .
** An employee can claim gratuity before completion of 5 years only in two instances i.e occurrence of death or occurrence of disability due to illness or accidents. In the instance of Death the claim would be transferred to the assigned nominee.
Regards,
Amit
From India, Delhi
Dear MARLNSPRASAD, First you have to find out whether The payment of Gratuity Act, 1972 is applicable to your Establishment/Factory.If it is applicable, Benefits/Conditions will be as mentioned by Mr Amit
From India, New Delhi
From India, New Delhi
The Payment of Gratuity rules are so explicit in India. Highlights are here
- Every factory, mine, oilfield, plantation, port and railway company
- Every shop or establishment with in the meaning of any law for the time being in force in relation to shops and establishments in a state, in which 10 or more persons are employed, or were employed, or any day of the preceding 12 months;
- Such other establishments or class of establishments, in which 10 or more employees are employed, on any day of the preceding 12 months, as the central government may, by notification, specify on this behalf
Gratuity is paid when an employee reaches Superannuation, Retires, or Resigns after completion of 5 years of continuous service. In case of death of an employee or disablemen due to accident or illness, continuous service of 5 years is not necessary to consider for gratuity payment.
From India, Bangalore
- Every factory, mine, oilfield, plantation, port and railway company
- Every shop or establishment with in the meaning of any law for the time being in force in relation to shops and establishments in a state, in which 10 or more persons are employed, or were employed, or any day of the preceding 12 months;
- Such other establishments or class of establishments, in which 10 or more employees are employed, on any day of the preceding 12 months, as the central government may, by notification, specify on this behalf
Gratuity is paid when an employee reaches Superannuation, Retires, or Resigns after completion of 5 years of continuous service. In case of death of an employee or disablemen due to accident or illness, continuous service of 5 years is not necessary to consider for gratuity payment.
From India, Bangalore
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FORM-F-NOMINATI ON OF GRATUITY.pdf
Gratuity Form I.doc