HI... HELP ME PLZ...
IF COMPANY IS FORMED IN 2010 & IF 1 EMPLOYEE IS WORKING FROM INCORPORATION THEN 2DAY EMPLOYEE IS APPLICABLE FOR GRATUITY ? AS COMPANY IS NOT COMPLETED 5 YERAS FROM THE INCORPORATION...
priya (article) (154 Points)
03 July 2013HI... HELP ME PLZ...
IF COMPANY IS FORMED IN 2010 & IF 1 EMPLOYEE IS WORKING FROM INCORPORATION THEN 2DAY EMPLOYEE IS APPLICABLE FOR GRATUITY ? AS COMPANY IS NOT COMPLETED 5 YERAS FROM THE INCORPORATION...
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 03 July 2013
Dear Priya it is not the company but the employee who has to complete the 5years of service in order to become eligible to receive gratuity.
From your questino it is not very clear if the company is in existence or not.
Mihir
(Wealth Manager)
(5293 Points)
Replied 03 July 2013
Only in some conditions at the discretion of the company, when the employee pass away, the legal heirs can be entitled to the gratuity even before completing 5 years of continious service. But otherwise, the employee is required to complete 5 years of continuous service in the same company to be eligible for gratuity.
CAclubindia
