Breaking News, Latest News, World News, India News, Cricket, Videos & Photos

Like PF, now gratuity can be transferred if you change job

Like PF, now gratuity can be transferred if you change job

Like PF, now you can transfer gratuity on changing from one job to another. The way the EPF account is transferred from one company to another, similarly your gratuity amount will also be transferred after changing the job. In a notification of the Central Government, it has been said that the rules in this regard will be implemented soon.

Approval on change in gratuity structure also maintained

Approval has also been approved on the change in the existing gratuity structure between the central government, the employees union and the industry. Gratuity transfers will now be included in the Social Security Code. It was agreed to change the existing gratuity structure between the government-union and the industry.

Gratuity has also been offered to make it an essential part of the whistles. According to sources, notification about this can be released next month. However, the industry has not agreed to extend the working day for gratuity. That is, you get a gratuity equal to the salary of 15 days on a one-year job. It was asked to equal 30 days salary. But this is not acceptable to the industry.

Gratuity is available on the job for five consecutive years in an institution

Currently, an employee working for five consecutive years in a company gets a gratuity. A small portion of the salary is deducted for gratuity. However, a large part of this is provided by the company. The amount of gratuity is dependent on two things. Firstly, for how many years has that employee worked. One gets gratuity after working for five years. Second, basic salary and dearness allowance in his last salary. Gratuity is paid only after mixing basic salary and dearness allowance.