Payment of gratuity act applicable???
This query is : Resolved
santosh kumar
(Querist)
23 July 2011
Pvt company newly incorporated, 5 employees joined in sept ,
employees worked for more than 6 months
whether Payment of gratuity act applicable???
Suppose out of 5, 2 employees appointed contract basis whats the stat
whether provision to be made
employees worked for more than 6 months
whether Payment of gratuity act applicable???
Suppose out of 5, 2 employees appointed contract basis whats the stat
whether provision to be made
CA Suresh Jain
(Expert)
24 July 2011
The Gratuity is not payable for a service of 6 months. The Gratuity becomes payable only to the employees who completes 5years of continuous service. The fact that Employees are Contract or own is of no significance in this case.
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santosh kumar
(Querist)
24 July 2011
whether provision to be made
25 July 2011
Yes the provision has to be made on actuarial basis in the books
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