Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Balaji   12 June 2016

Am I eligible for gratuity or not

I joined a company on 18 July 2011 and relived from the same on 30 may 2016. Whether I am eligible for gratuity. 2. How many days it will take for the credit of the money. And also let me know what is the calculation behind the gratuity amount.


Learning

 3 Replies

Kumar Doab (FIN)     12 June 2016

If the establishment works for 6 days/week or less than 6 days/week and employee has worked for 240/190 days in each year and 5th year then employee should be eligible.

If the employer does not supply notice of determiantion of gratuity and payment within 30days from LWD then it has to tender interest@10%pa, even if employee has not tendred FormI.

Gratuity= { ( Basic+DA)/26*15*No. of years of service}

( Basic+DA) as per last drawn salary.

If employee has worked for more than 6 months it is =1year

If employee has worked for less than 6 months it is =0 year

 

 

V. VASUDEVAN (LEGAL COUNSEL)     13 June 2016

In the instant case, you are eligible for gratuity

jagadish paranjape (Advocate)     16 June 2016

This is forum for lawyers and subject of query should be some difficulty.

The least that is expected from queriest is politeness.Does he expect the

lawyer to tell him the period during which the amount would be deposited in his account.

 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register