The threshold for gratuity payment may be reduced to just one year from the current five if the Union government accepts the recommendations by a parliamentary standing committee on labour. “The panel desires that the time limit of five years as provided for in the code for payment of gratuity be reduced to continuous service of one year. In the …
A parliamentary Standing Committee has recommended that the existing regulation of the five-year period of continuous service for gratuity payment, should be reduced to one year. A Money Control report stated, it was also pointed out that the five-year employment period provision also incentivises employers to terminate employees before the completion of the period. As a result, most employees are …
Parliamentary Committee on Labour has, in its latest report, recommended that the eligibility period for gratuity payable to an employee on termination of his employment should be reduced to one year from the present provision of five years. “Keeping in view the nature of India’s Labour Market where most employees are employed for a short duration period only, making them …
)