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Minimum Completed Years Of Service


Please let me know if fraction of a year is rounded of to nearest year for calcutating completed year for Gratuity in India? Eg: Incase of 4 years 11 months, will it be considered as 5 years
From India
Dear Ashus, For gratuity calculation fraction upto 6months will be rounded down and in exess will be rounded up. But for eligibility one should have minimum 5 years service. I.e.this roudup is only for payment calculation . . . . . . . Abbas.P.S
From India, Bangalore
Dear Ashus, Incase of 4 years 11 months, will it be considered as 5 years. If it is 6 months & more it will be rounded of to one year. Regards Indu
From India, Bangalore
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India
02 November 2010 11.17.45 AM
Views: 1410 Replies: 2 Appreciations: 0
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