Hi,
What is the update on gratuity calculation and payment for different types of employees under the new labour codes?
Hi,
What is the update on gratuity calculation and payment for different types of employees under the new labour codes?
No five-year restriction will be there. For every completed year, Gratuity will have to be paid.
Thank you.
Gratuity has to be paid for 15 days of salary once completed 5 years of service of every one year completed on 26 days.
Hi Namita,
Gratuity Laws will be governed by the Code on Social Security, 2020.
The provisions of Gratuity will be covered under the Code on Social Security. Under this
Social Security Code, the provisions of Gratuity remains the same except for a few add-ons
viz.,:
For more information, you can refer to The Code on Social Security, 2020 (greythr.com).
Hope the above helps.
Regards,
Bhuvana Anand