What is the Eligibility Criteria of Gratuity

Rajesh Kumar | Last updated: 14 May 2022

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Gratuity is an important retirement benefit in India, legally mandated for organisations with over 10 employees. To be eligible, an employee must typically complete at least five years of continuous service with the same employer. Gratuity becomes payable upon superannuation, retirement, resignation, or in cases of death or disablement, with specific provisions for minors receiving the payment.

Introduction Gratuity is a statutory right of an Employee whoever completes 5 years in the same Organization as Gratuity being an important retirement benefit to employees in the Indian context, is relevant for all organizations (i.e. MNCs, Schools and Other business entities) having more than

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About the Author

Rajesh Kumar

Assistant Manager

Provinding End to End Consultancy and Support Service to Public Sector, Private Sector and Multinational companies forming Approved & Registered Gratuity Trust as per Part C of The Fourth Schedule of Income Tax Act Consultancy End to End Support Service. Formation of a New Approved irrevocable Gratuity Trust. ... Read more

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