Payment of the gratuity

442 views 1 replies

Sir,

I would like to know the gratuity Eliglibity ofthe employee ( in administration) when the comany is winding up the business, provide me details of calculation  of the gratuity and calculation method

Thanks

 

Replies (1)

Rameshwar,

1.Gratuity Shall be Payable to an Employee On His Termination Of His Employment After He Has Rendered Continuous Service of Five Years 

A)Provided that the completetion of continous service of five years shall not be necessary where the termination of the employment of any employee is due to death or disablement 

B)Provided That In Case Of Piece Rated employee daily wages shall be computed on the average of the Total wages received by him for the period 

 

2. Gratuity = (Last drawn (Basic+DA) / 26) x 15 x Number of years of service

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details