Unclaimed Gratuity
Unclaimed Gratuity It is really strange that in most of the firm’s/organisation’s employees are not aware about their statutory employment entitlements/rights. One of the most common unclaimed entitlement is Gratuity. That is why we are creating awareness by writing this article. Many employees don’t know that they are also entitled for the Gratuity and at the time of their resignation or termination they don’t claim the Gratuity for which they statutorily entitled. Definition of term Gratuity Gratuity is defined in The Payment of Gratuity Ac, 1972. It’s gratitude by the employers to the employees ( other than apprentice) who have rendered a continuous service for at least five years. It is an amount paid to an employee based on the duration of his total service but an employee…