ish kumar sharma (Sr. Manager Accounts & Finance) (301 Points)
27 January 2016
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 27 January 2016
As I understand, he is entitled to gratuity as he has completed more than 5 1/2 yrs service
JOEY TRIBIONI
(Article)
(200 Points)
Replied 27 January 2016
You have to pay Gratuity if the employee had completed 5 years of Service. In this case you definetely have to.
PAYMENT OF GRATUITY.- (1) Gratuity shall be payable to an employee on the termination of his employment after he has rendered continuous service for not less than five years, - (a) on his superannuation, or
(b) on his retirement or resignation,
vishnu bhardwaj
(Tax Advocate)
(212 Points)
Replied 27 January 2016
gratuity is applicable when he complete his 5 year services
Sathish M
(Management Accountant)
(40581 Points)
Replied 28 January 2016
CAclubindia
