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Gratuity Rules: If you leave any company after working for 5 years, then you get a reward amount. This amount of reward money is called gratuity. In such a situation, the question arises whether the notice period is also counted in the gratuity period? Let us know the answer to this in this article.
One gets the benefit of gratuity if one works for a long time in the company. This is a kind of reward given to the employee in the name of honesty. The amount of reward 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. If you join a company in the year 2020 and change the company after completion of 5 years, then the company pays gratuity money. If you change the company within 2-3 years, then you will not get the benefit of gratuity. Many employees have this question in their mind regarding gratuity that does the notice period also count in it? Let us give you the correct answer to this question below.
Does notice period also count?
According to the gratuity rule, the notice period is also counted as the employment period. Actually, the employee is still giving his services to the company during the notice period. This means that if an employee leaves the job after working for 4 years and 10 months and gives notice and gives a notice of 2 months, then it will be considered as 5 years and the gratuity amount will be paid accordingly.
Gratuity is also available for a period of less than 5 years. In many situations, the employee gets the benefit of gratuity even if the tenure is less than 5 years. However, according to the rules, if an employee works for 4 years and 8 months, then he is entitled to gratuity.
According to the Gratuity Act (Gratuity Rules) 1972, if an employee meets with an accident in which he dies or becomes disabled, then even in such a situation he gets the benefit of gratuity. In these situations, the rule of working for 5 years does not apply. In such a situation, the nominee gets the gratuity amount. While joining the job, the company makes the employee fill Form F in which the employee mentions the name of the nominee for the gratuity amount.