Your Gratuity to be made portable

Gratuity:

A worker/employee is eligible to receive gratuity under the Gratuity Act 1972, if he/she:-

• Is employed in an shop or establishment to which the Gratuity Act applies (Section 1)
• Is an employee as per Section 2(e).
• Has been in Continuous Service of not less than five Years – subject to some exceptions.

Narendra Modi led government which is planning for new reforms for working class. Currently government is examining the possibility of reducing the five-year eligibility to get gratuity benefits. This can done by allowing the gratuity to be portable from one to another or government may reduce the numbers years to get gratuity benefits.

Currently government is working on the both the plans, the feasible one will be implemented very soon.