Introduction
Claiming gratuity after resignation is an important part of the resignation process. Gratuity is a form of financial compensation given to an employee for their years of service. It is important to understand the process of claiming gratuity after resignation in order to ensure that you receive the full amount of gratuity that you are entitled to. This article will provide an overview of the process of claiming gratuity after resignation, including the necessary documents and steps to take.
How To Claim Gratuity After Resignation
1. Submit a resignation letter to your employer.
2. Ask your employer for a gratuity calculation.
3. Submit a gratuity claim form to your employer.
4. Provide all the necessary documents to your employer.
5. Wait for your employer to process your claim.
6. Receive your gratuity payment.
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Have you completed 5 years of service in your organization and are you in a plan to leave your organization then you can claim your gratuity amount. Here you can know complete details on how to claim gratuity after resignation. Claiming gratuity amount is a simple process and it doesn’t involve any external organizations, your employer is responsible for paying gratuity to you after resignation or retirement.
Every employee who works for 5 years or more than 5 years in an organization then he will get a gratuity amount. Gratuity helps the employees whenever they leave their organizations and it is one of the best retirement benefits for the employees. As per gratuity act 1972, every employer who employs 10 or more than 10 employees should need to pay gratuity to their employees.
How To Claim Gratuity After Resignation
Employees can claim their gratuity amount by using a form called gratuity claim form I.
On gratuity form I write all the required information such as the full name of the claimant, address of the claimant, the department in which you worked, employee id number, date of appointment, the cause of termination, total service period, last drawn salary. After filling the form sign the gratuity claim form.
Here is a sample of gratuity claim form I which will help you on how to fill gratuity claim form I.
After filling gratuity form I submit a bank passbook copy or canceled cheque along with it. Once you submit all the required details and documents then within 15-30 days you employer will credit your gratuity amount into your bank account.
How to Check Gratuity Claim Status
Like EPF it is not possible to check your gratuity status, because gratuity amount is not paid by the external organizations, it will be paid your employer. So if you want to know the status of your gratuity claim then contact your HR department or financial department they can only tell you the exact status of your gratuity amount.
FAQs on Gratuity Withdrawal
How much time will it take to get a Gratuity amount?
It depends on your employer, in general employees will credit the gratuity amount of employees into their bank account in 15-30 days from the date of claim.
How much gratuity I will get?
You can calculate your gratuity amount by using the formula (basic salary / 26) x 15 x No of Years of Service
Can I claim gratuity below 5 years of service?
Under section 4 of payment of gratuity act 1972, continuous service of 5 years is not necessary when the termination of the employment is due to the death or disablement of the employee.
What are the required documents to claim gratuity amount?
To claim gratuity amount employee should submit gratuity claim form I, aadhar card copy, bank passbook or canceled cheque.
Who will receive gratuity in case of the death of the employee?
In case of the death of the employee, gratuity will be paid to the nominees of the employee, if no nominees are registered then the legal heirs of the employee will get gratuity amount. If legal heirs are minors then the gratuity will be paid to the controlling authority who is taking care of the minor heirs.
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How To Claim Gratuity After Resignation
Gratuity is a form of financial compensation given to an employee for their long-term service to an organization. It is usually paid out when an employee resigns or retires from the organization. If you are resigning from your job, it is important to understand how to claim your gratuity.
Step 1: Check Your Eligibility
The first step in claiming your gratuity is to check your eligibility. Generally, you are eligible for gratuity if you have worked for the organization for at least five years. However, the eligibility criteria may vary from organization to organization, so it is important to check with your employer.
Step 2: Submit Your Resignation
Once you have checked your eligibility, the next step is to submit your resignation. Make sure to provide your employer with a written notice of your resignation. This will ensure that your employer is aware of your intention to leave and can begin the process of calculating your gratuity.
Step 3: Calculate Your Gratuity
Your employer will then calculate your gratuity based on your salary and the number of years you have worked for the organization. Generally, gratuity is calculated as 15 days of salary for each year of service. However, the calculation may vary from organization to organization.
Step 4: Submit Your Claim
Once your gratuity has been calculated, you will need to submit a claim to your employer. Make sure to provide all the necessary documents such as your resignation letter, salary slips, and proof of service. Your employer will then process your claim and issue you a gratuity certificate.
Step 5: Collect Your Gratuity
Once your claim has been approved, you can collect your gratuity from your employer. Generally, gratuity is paid out in a lump sum. However, some organizations may allow you to receive your gratuity in installments. Make sure to check with your employer for the payment options available.
Conclusion
Claiming your gratuity after resigning from your job is an important step in ensuring that you receive the financial compensation you are entitled to. Make sure to check your eligibility, submit your resignation, calculate your gratuity, submit your claim, and collect your gratuity in order to receive your gratuity.
