Gratuity Eligibility in Company for employee
2 years ago
I would like to know what is Gratuity eligibility for an employee in IT company. Whether complete continuous 5 years or if employee has completed 4.8 or 4.10 years in same company he will be eligible? Please advise.
A.The normal period is "after completion of 5 years"
However, completing 6 months or more is said to be converted to an year. Hence in your case you shall be eligible.
Furthermore, According to Sec 2A of the Act,
They have divided such period into completion of
1. 190 days in case the company has a period of 5 day weekly policy AND
2. 240 days in case the company has a period of 6 day weekly policy
In the light of the above you are entitled to get compensation as you have completed 4 years and 240 days
However, completing 6 months or more is said to be converted to an year. Hence in your case you shall be eligible.
Furthermore, According to Sec 2A of the Act,
They have divided such period into completion of
1. 190 days in case the company has a period of 5 day weekly policy AND
2. 240 days in case the company has a period of 6 day weekly policy
In the light of the above you are entitled to get compensation as you have completed 4 years and 240 days
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