Gratuity liability in case employer cease business
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 March 2015
Hello,
Is employer liable to pay gratuity (even if 5 years are not complete for employees) in case employer ceases its business?
Thanks
Is employer liable to pay gratuity (even if 5 years are not complete for employees) in case employer ceases its business?
Thanks
17 March 2015
Under Payment of Gratuity Act, 1972, Gratuity shall be payable to an employee on the termination of his employment after he has rendered continuous service for not less than five years,--
(a) on his superannuation, or
(b) on his retirement or resignation, or
(c) on his death or disablement due to accident or disease:
Provided that the completion of continuous service of five years, shall not be necessary where the termination of the employment of any employee is due to death or disablement.So completion of 5 years is basic condition for payment of gratuity.
(a) on his superannuation, or
(b) on his retirement or resignation, or
(c) on his death or disablement due to accident or disease:
Provided that the completion of continuous service of five years, shall not be necessary where the termination of the employment of any employee is due to death or disablement.So completion of 5 years is basic condition for payment of gratuity.
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