In case employer rejects the application of an employee for the payment of gratuity, he will be required to specify the reason for rejection. The payment must be made within 30 days from the date of receipt of application. The rules further clarify that no claim for gratuity shall be invalid merely because the claimant has not filed his application within the specified period.Īn employer is required to specify the amount payable and mention the date of payment within 15 days of receipt of application. However, an employer cannot reject an application by the employee after the expiry of 30 days, if the delay happened due to a valid reason. Further, if the date of retirement or superannuation is known, then too, the application can be before 30 days. The rules suggests that once an employee becomes eligible to receive gratuity, he can apply within 30 days from the date it becomes payable. There are rules as well which need to be followed at the time of payment. The law further states that in case the nominee of the employee is a minor, then the assistant labour commissioner shall invest the money in his name in a term deposit with the State Bank of India or a nationalised bank for the minor's benefit until he/she becomes a major. If an employee's services are terminated due to his death or has become disabled due to an accident or a disease, an employer is mandated by law to pay gratuity to him or his nominee/legal heir, as the case maybe, irrespective of the number of years of continuous service. However, there is an exception where the condition of working continuously for five years with an organisation is not applicable. P2P Data Center Fuel Rates Diesel Rates Petrol Rates Bank Pan Number Bank holidays Penny Stocks MF Ratings & NAV Top Performing Schemes Top Star Rated Schemes Top Tax Saving Schemes Highest Risk Adjusted Return New Fund Offers Forthcoming Dividends NPS Top Performing NPS Scheme Most Consistent NPS schemes ETF Perfomance Latest Prices Listed Bonds Traded in Cash Market ULIPs ULIP Schemes Calculators Recurring Deposit Calculator Fixed Deposit Calculator LTCG Tax Calculator Income Tax Calculator Rent Receipt Generator SIP Calculator IFSC Bank Code NPS Calculator Invoice Generator EPF Calculator House Property Income HRA Calculator Sukanya Samriddhi Calculator Education Loan Calculator Car Loan Calculator Home Loan Calculator Personal Loan Calculator Risk Tolerance Calculator Financial Fitness Calculator Buy Online Health Insurance Car Insurance 2 Wheeler Insurance Interest Rates Recurring Deposit Rates Fixed Deposit Rates Bank Fixed Deposits Rates Post Office Schemes Rates MCLR Loan EMI Participate & Win Stocks & Shares ET Wealth ET Wealth Editions Buy Wealth Magazine ET Wealth Newsletter
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