Dear Sr.
My company gives CTC breakup (on monthly & yearly basis) to new join employee.
In breakup gratuity is mention but new join employee left his services before completion of 5 years that times what i do
Pay the Gratuity amount or not ???
Waiting for your guidance
Thanking you
Sanjay
From India, Pune
2My company gives CTC breakup (on monthly & yearly basis) to new join employee.
In breakup gratuity is mention but new join employee left his services before completion of 5 years that times what i do
Pay the Gratuity amount or not ???
Waiting for your guidance
Thanking you
Sanjay
From India, Pune
Hi,
I hope this may help out to clear all your worries.
Section: 4
Payment of gratuity.
(1) Gratuity shall be payable to an employee on the termination of his employment after he has rendered continuous service for not less than five years, -
(a) on his superannuation, or
(b) on his retirement or resignation, or
(c) on his death or disablement due to accident or disease:
Provided that the completion of continuous service of five years shall not be necessary where the termination of the employment of any employee is due to death or disablement:
It clearly states that if the employee is resigning the organnisation before five years it is not mandatory to pay the gratuity amount to that employee
Hope it have solved your problem
Regards
Prince
From India, Mumbai
I hope this may help out to clear all your worries.
Section: 4
Payment of gratuity.
(1) Gratuity shall be payable to an employee on the termination of his employment after he has rendered continuous service for not less than five years, -
(a) on his superannuation, or
(b) on his retirement or resignation, or
(c) on his death or disablement due to accident or disease:
Provided that the completion of continuous service of five years shall not be necessary where the termination of the employment of any employee is due to death or disablement:
It clearly states that if the employee is resigning the organnisation before five years it is not mandatory to pay the gratuity amount to that employee
Hope it have solved your problem
Regards
Prince
From India, Mumbai
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Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc