Gratuity
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 July 2011
Hi all
1. If an employee is transfered from company (x) to sister company (Y), has worked for 6 years in
X and 2 years in Y. shall gratuity be paid for 8 years or only for 6 years?
2. Also Gratuity fund maintained by x be transfered to Y ?
3. while on resignation who shall bear the gratuity company X ,company Y or both ?
Regards,
Harie
1. If an employee is transfered from company (x) to sister company (Y), has worked for 6 years in
X and 2 years in Y. shall gratuity be paid for 8 years or only for 6 years?
2. Also Gratuity fund maintained by x be transfered to Y ?
3. while on resignation who shall bear the gratuity company X ,company Y or both ?
Regards,
Harie
11 July 2011
depending on the management structure the gradutity is payable for whole 8 years,
if sister concern is not in same management then graduity was payable at the time of transfer itself.
if sister concern is not in same management then graduity was payable at the time of transfer itself.
13 July 2011
In case the sister concern is in the same management then it is for 8 years. You have to see the terms of appointment and if there is any clause for payment of gratuity or not. In case there is no provision then the main company shall pay the Gratuity only for 6 years and the next sister concern shall pay on completion of number of years.
Gratuity is based on the number of years service and not on the basis of the employees number of years service in his life time.
Gratuity is based on the number of years service and not on the basis of the employees number of years service in his life time.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Sale of Equity shares for Purchase of Residential Property
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Non issue of e way bill
- TDS PROCEDURE ON SALE OF IMMOVABLE PROPERTY BY NRI
- Subscription paid to foreign customer
- ECO SUPPLY REPORTIONG IN GSTR-1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
