Gratuity Amount - in a PSU organization
1 year ago
I have completed 4 years and 11 months in a PSU organisation. Whether I able to receive the gratuity amount?
A.Dear Client
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 194 days
However, if your company has a period of 6 day weekly policy, then, you need to complete a minimum of 240 days.
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 194 days
However, if your company has a period of 6 day weekly policy, then, you need to complete a minimum of 240 days.
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A.Dear Client,
A person is eligible to receive gratuity only if he has completed five years of service with an organization. These five years must be continuous and there should not be any gap in the services of the employee with that company.
A person is eligible to receive gratuity only if he has completed five years of service with an organization. These five years must be continuous and there should not be any gap in the services of the employee with that company.
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A.Dear Sir,
Yes, as per following formula:
=========================================================================
4years 240 days is enough for claiming gratuity.
https://www.linkedin.com/pulse/employee-benefits-india-payment-gratuity-what-himachali-gphr/
https://www.linkedin.com/pulse/gratuity-required-complete-5-years-continuous-service-rahul-kumar/
\\\"As per Madras High Court judgement in a case of Mettur Beardsell Limited [represented by its Personal Manager], Madras v/s Regional Labour Commissioner [Central Authority under the Payment of Gratuity Act, 1972], Madras, it has been stated that if an employee has rendered continuous service of 240 days in the fifth year of service then for the purpose of calculation of gratuity, it must be considered as if he has completed FIVE years of continuous service.\\\"
Yes, as per following formula:
=========================================================================
4years 240 days is enough for claiming gratuity.
https://www.linkedin.com/pulse/employee-benefits-india-payment-gratuity-what-himachali-gphr/
https://www.linkedin.com/pulse/gratuity-required-complete-5-years-continuous-service-rahul-kumar/
\\\"As per Madras High Court judgement in a case of Mettur Beardsell Limited [represented by its Personal Manager], Madras v/s Regional Labour Commissioner [Central Authority under the Payment of Gratuity Act, 1972], Madras, it has been stated that if an employee has rendered continuous service of 240 days in the fifth year of service then for the purpose of calculation of gratuity, it must be considered as if he has completed FIVE years of continuous service.\\\"
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