13 August 2012
As per section 4, gratutity is payable to employees after 5 years of continuous employment. However this continuous period of 5 years is not applicable in case of termination of employment of employee due to death/disablement. Section 4 (2) quotes the following "For every completed year of service or part thereof in excess of six months, the employer shall pay gratuity to an employee at the rate of fifteen days wages based on the rate of wages last drawn by the employee concerned"
Kindly suggest at what rate the gratuity, would be payable to an employee whose employment is terminated due to death and when the employee has not completed six months of service in the organisation?
CAclubindia
