Get 3 Yrs of CCI Pro Membership at Greater Value. Subscribe Now!

Gratuity for an employee aged above 60

817 views

Save Share

Join Us Follow Us Add as Source

Srinivasa Raghavan

Private Employee

21 Points Posted on 23 August 2022

Dear experts/Auditors

One query regarding Gratuity...

A person who is aged 65 years was employed in a concern and that company got wound up. This particular employee was employed for 10 years in that company..is he eligible for Gratuity....if he hasn't got Gratuity what are the legal remedies..Kindly confirm..

Replies (2)

Quick Summary

This discussion explores the eligibility of a 65-year-old employee for gratuity after their company was wound up, having worked there for 10 years. The consensus is that the employee is likely eligible, provided certain conditions are met, such as eligibility for superannuation or retirement. If gratuity is denied, seeking advice from an advocate is recommended for legal remedies.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121531 Points Posted on 24 August 2022

Gratuity can be received by the employee on the following criteria:

The employee has to be eligible for superannuation
The employee should have retired
The employee must have resigned after completing 5 years with the same employer
The employee dies or suffers with a disability caused due to an illness or accident

Refer: https://www.coverfox.com/personal-finance/tax/gratuity/

For more follow up you need to contact an advocate..