Can I get gratuity after 7 years?
2 years ago
Dear sir / madam I have applied for my gratuity after 7 years ... do am I eligible to get gratuity with interest or else due to late claim am not eligible?
A.Dear Sir,
Yes, you are eligible. If your service rules identifies the same because most of the organizations requires more service.
The amount of Gratuity is equal to 15 days salary for every completed year of service.
Gratuity calculation is (Last drawn Basic+DA)/26 X 15 X No of completed years of service Here, we need to consider service above 6 months in the last year as next complete year. However this adjustment is subject to completion of 5 years of service. It is purely the employers contributions for the employees Gratuitous service. So it can be enacted/ordered to given by the competent authority. He should also requires to work for more than 240 days in every year and should have continuous service for 5 years. In such a case, the employee is entitle for gratuity.
Ayantika Mondal @ Prime Legal
Responded 2 years ago
Gratuity payment is a lump sum that your company will pay you as an acknowledgement of your loyalty to the company. Naturally, gratuity becomes payable only after you have spent a certain number of years (eg. 5) with the company. You will receive this benefit either at the time of retirement or when you resign from employment.
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As per Gratuity Act, gratuity is payable only after the completion of 5 years of your service. If you resign before 5 years of service, then you are not eligible to get gratuity. Secondly, it must have continuous service of 7 years in your case and no rejoining in between, Leaves and holidays are overlooked.
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