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New Delhi: After working for a long time in a company, one gets the benefit of gratuity from the company. This is a kind of reward which is given to the employee in the name of honesty. The reward money given by the company is called gratuity.
The benefit of gratuity is given to those employees who have been working in the company for 5 years. Understand it like this, if you joined a company in the year 2020 and change the company after completion of 5 years, then gratuity money is given by the company. On the other hand, if you change the company in just 2-3 years, then you will not get the benefit of gratuity.
Many employees have a question in their minds regarding gratuity, whether the notice period is also counted in it? Come, we will give you the correct answer to this question below.
Does the notice period also count?
According to the Gratuity Rules, the notice period is also counted in the job period. Actually, the employee is giving his service to the company even during the notice period. This means that if an employee gives notice after working for 4 years and 10 months and serves a notice of 2 months, then it will be counted as 5 years and the gratuity amount will be given on that basis.
Gratuity is available even for less than 5 years
In many cases, the employee gets the benefit of gratuity even if the period is less than 5 years. However, according to the rules, if the employee has worked for 4 years and 8 months, then he is entitled to gratuity.
At the same time, according to the Gratuity Act 1972, if something untoward happens to the employee, in which he dies or becomes disabled, then in such a situation also he gets the benefit of gratuity. In such a situation, the rule of working for 5 years does not apply. In such a situation, the gratuity amount goes to the nominee. While joining the job, the company makes the employee fill Form F in which the employee gives the name of the nominee for the gratuity amount.
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