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gratuity act

This query is : Resolved 
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(Querist)
17 April 2010 A employee completeing 5 years but not received any gratuity till. Is the company has to make provision of the amount or record on payment basis?

Can the gratuity payment be done in full on the time of terminted or retired, for a employee working for more than 5 years?
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
17 April 2010 Yes, company has to make provision
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
17 April 2010 Yes, company has to make provision and paid at the time of retirement
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
17 April 2010 Agree, company has power to make provision
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kartik_somu

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kartik_somu (Expert)
18 April 2010 agree with experts
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