Id act- full & final payment

shailesh pandey (Querist) 11 December 2015 This query is : Resolved
Dear Sirs,
Kindly advice as follows-
1.Before shutting down our unit,One month notice to all permanent employees is enough as well as concerned govt. offices ?
2.As per ID act @15 days x completed year is payable to employees while their full & final payments ?
3.As One who is completed 4 years & we are going to pay his full & final ,what should be his gratuity as five years is not completed but he is asking for it ?
3.We have an Internal union ,some of workers have completed 17 years & their average age are 40 years,then 18 years are remaining of their services,what will be right calculation.
kindly urgently advice
regards
shailesh pandey

Follow Query

Report Abuse

Advocate/CS Sanjeev Kataria (Expert) 11 December 2015
Reply para wise

1. Yes notice to all employees is must, intimate to other concerned agencies also depending upon nature and form of business entity.
2. you are right
3. person completed 04 year of service is not eligible for gratuity, min 05 years service is needed.
4. person who have completed 17 years of service are to be paid as per formula mentioned in your point no.2