Gratuity Act, 1972
This query is : Resolved
Pabitra Mondal
(Querist)
08 April 2009
One of my friend works in a limited company for the last 6 years. He had taken a loan from the company for which he owed to the company for Rs. 200000 and gratuity amount payable to him is Rs 100000. My queries is that can the company settle this Rs 200000 agaist the gratuity amount of Rs. 100000?
08 April 2009
No he can not as nature of payment is diffrent in both cases. On eis retiral benefit and another is loan.
08 April 2009
No he can not as nature of payment is diffrent in both cases. On eis retiral benefit and another is loan.
CA Nitin Wadhwani
(Expert)
08 April 2009
In my opinion he can.
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