Gratuity.
Five year is the minimum period and 4.5 years will not be treated as five years. Only rounding up is applicable once you become eligible for gratuity.
Pleas confirm if I am right. more
Pleas confirm if I am right. more
Viewed by 889
View all 16 comments Below 16 comments
Only in case where employee expired during period of his employment his legal heirs as per Gratuity Act are entitled to get proportionate gratuity amount to the tenure of his employment. Else as stated earlier in any case even a short fall of one day to Five Years of Service will not make employee entitled for Gratuity Payment. Five Years and there after each year minimum working of 240 days are required. But it is not true that in fifth year if employee is completed 240 days he is eligible. more
Dec 20
Dear Sir, Yes sir you are right : for eligibility complete service of Five Years is essential and there after four rounding up 6 months and more will be treated to higher year and less than Six Month rounded up to the completed years. Regards and have a nice day ahead. (M.D. Manapure) more
Dec 19
Strictly speaking, gratuity entitlement is completion of 5 years but Controlling Authority under Central Act take recourse to provisions of Industrial Disputes Act wherein 240 days or more is taken as a 'year'. And proceed to hold that person putting in more than 4 years and 6 months is entitled to gratuity. more
Dec 19
Gratuity calculating formula ... (Basic Pay + DA ) X length of service in years(6 months or more to be considered as full years less than 6 months to be ignored) X 15 / 26 more
Dec 18
