Get Latest HR practices activities updates of Human resource at myhr online portal hrhelpboard.com

Payment of Gratuity

Gratuity Policy 

 

Gratuity shall be payable to an employee as per the payment of Gratuity Act, 1972 on the completion of his/her employment after he/she has rendered continuous service for not less than five years.

(a)   On his superannuation, or

(b)   On his retirement or

(c)   Resignation, or

(d)   On his death or

(e)   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.

 

The present rate of Gratuity is maximum of Rs. 3.50/- Lacs.

 

 

Recruitment management software smart working
What is the need of Performance Management?
How to identify and apply performance management to get the best output from it?
Tools for Job Analysis
What are the Benefits of Job Rotation?
Balance scorecard is necessary for achieving Goals of performance management
How to identify and apply performance management to get the best output from it?
Types of Employee Engagement Process implemented in the companies
How the job analysis can best benefit to the company
What Are the Benefits of a Performance Management System
What are the Benefits of Job Rotation?
What is the need of Performance Management?