Is gratuity paid in case of accident or death? this is the rule

After completion of 5 years, if an employee leaves the old company and joins a new company, then he is paid half the amount of gratuity. Apart from this, even if the employee dies, the company or employer can pay the gratuity amount.

Whether the job is government or private, everyone gets gratuity. Most of the people doing such government jobs get gratuity after retirement. At the same time, people working in private jobs become entitled for gratuity midway after changing the company. But for this a time limit has been set by the government. You can be entitled to gratuity only after a certain period of time. If you change the company before that deadline, you will not get the gratuity money. But after the completion of the time limit, you can withdraw the gratuity amount in between in the name of illness or treatment. So let us first know what is gratuity.

Gratuity is that part of your salary, which the company or your employer gives in return for your years of services. That is, gratuity is a beneficial scheme which is a part of retirement benefits. This benefit is given by the employer to the employee after leaving or terminating the job. But it is also important to know when and under what circumstances the money will come into your account. Perhaps very few people would be aware of the circumstances under which you can apply for gratuity after completing 5 years of working in a company.

This rule applies to all types of employees

According to the Gratuity Act 1972, if a person works for a company or employer for 5 continuous years, he becomes entitled to gratuity. That means after completion of 5 years he can take gratuity from the company. But for this he will have to provide valid reason to the company. The special thing is that this rule applies to all types of government and private employees.

Money can be paid

If the Gratuity Payment Rules 1972 are followed, then gratuity will not be paid as per the need of the employee. For this he will have to provide valid reason. If the employee suffers from a disease which is fatal and its treatment will cost a lot of money. So in such a situation the employee becomes entitled to gratuity. Gratuity money can be paid to him after applying.

Gratuity money will not be received

Also, if the employee becomes disabled due to an accident, then in such a situation also he can withdraw the gratuity money. This means that you can withdraw gratuity money even for the treatment of a fatal disease. But for this, 5 years of working in the company should be completed. Otherwise, you will not get gratuity money even in case of illness before 5 years.