No Tags Found!

SH

Shai89308

Executive Hr

AS

Ammu Shanvi

Human Resource

GS

G SHASHI KRISHNA

Senior Manager - Hr

AH

Aizant HR

Human Resources

MA

MARSHAL

Safety Officer

AK

Anish Katoch

Hr Executive

PR

PranjalR

Hr Recruiter

AP

Alka Pal

Hr Executive

Karthikeyan8195

Management Consultant

MK

Mohit Kumar Puri

Head Marketing

AU

Austex

Accounts Manager


nidhishah
2

Hello friends, Is it necessary to give Gratuity to all the employees who are in company for more then 5 years ?Provided we don’t deduct the amount from the salary. RegardsNidhi
From India, Ahmadabad
amitavamaj
5

Dear Nidhi,
As per the Payment of Gratuity Act,1972, it is mandatory to give gratuity to all employees who have been serving the company for more than 4 years 8 months (as a result of a judgement from Madras High Court) irrespective of the fact whether it has been deducted from salary or not.
Regards
Amitava Majumder

From India, Calcutta
nidhishah
2

Dear Amitava Majumder,
Thank you so much for your reply.
I want to clear few doubts they are :
1) It will be calculated on the last salary drawn?
2) If an employee resigns after 12 years then it will be calculated accordingly 15 days per year ?
3) If employer don't give gratuity then will it create a problem ? Its records to be maintained.
Plss reply
Thank you in advance.
Regards
Nidhi
Regards
Nidhi

From India, Ahmadabad
nidhishah
2

Dear Seniors, Can you help me out to solve the above mention doubts. Waiting for the reply
From India, Ahmadabad
sunnymahajan354
Dear Nidhi,
Please note the formula of gratuity as follows:
1) Last Basic Drawn/26*No. of Years of Service*15
2) Yes it will be calculated for 15 days
3) he can go to labour court if employer don't give the gratuity.
Regards
Sunny Mahajan

From India, New Delhi
nidhishah
2

hi Chander,
My query is solved just want to know 1 thing i.e
In 1 st year when A joined the company his salary was 6000 and today after 12 years his salary is 14000. So now if he resigns he will get 14000/26* 15 days*no of years of service.
And management has to give it thats compulsory.
And should gratuity be added in CTC structure? Or it depends on the company ?
Pls reply
Regards
Nidhi

From India, Ahmadabad
amitavamaj
5

Dear Nidhi,
You have got the calculation absolutely right.Yes, it's compulsory for the management to make the payment towards gratuity.
If included in the CTC structure, the employee can ask for the portion deducted even though he might not have actually worked for the eligible period.This is a catch point which has to be handled carefully.
Regards
Amitava

From India, Calcutta
nidhishah
2

hi amitava,
Thank you for the reply.
So point is if we deduct gratuity amount and show in CTC. Even employee can ask for money after 2 years when he resigns he is eligible for that.
Accumulated 2 years money is to be given when he leaves...Can Employer argue by saying you have not completed 5 years of service so u cannot get this money.
Regards
Nidhi

From India, Ahmadabad
leela.krishna
Dear Nidhi, Yes we have to consider last drawn basic. As per the new amendments of the act, you should not add in CTC structure. Regards Leela
From India, Bangalore
prakashv95
Dear Nidhi,
No, Employer is supposed to do like after having deducted from CTC he is supposed to pay the employee once he/she quits/resigns the co. But, there are greedy people who don't want to pay. In this case if, the employee has time to go to labour court then he can do so......
Regards - Prakash

From United States
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.





About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.