Dear Experts,
How to calculate gratuity in the case of employee service is 5 years & 6month, i.e need to consider round service or not for calculation. Please give the Law reference with clause number for if calculation in round service
Regards,
Avinash Sankpal
From India, undefined
1How to calculate gratuity in the case of employee service is 5 years & 6month, i.e need to consider round service or not for calculation. Please give the Law reference with clause number for if calculation in round service
Regards,
Avinash Sankpal
From India, undefined
As per Section 4 (2) of Payment of Gratuity Act 1972, Gratuity is payable for completed years of continuous service and continuous service in excess of six months is treated as a completed year. Section 4 (2) is extracted below:
(2) For every completed year of service or part thereof in excess of six months, the employer shall pay gratuity to an employee at the rate of fifteen days' wages based on the rate of wages last drawn by the employee concerned:
From India, Mumbai
(2) For every completed year of service or part thereof in excess of six months, the employer shall pay gratuity to an employee at the rate of fifteen days' wages based on the rate of wages last drawn by the employee concerned:
From India, Mumbai
Thank you Expert for your kind reply
As per the above section 4(2) if employee service is 5 years & 6 months its to be consider as a 6 years for gratuity calculation
And in the other hand if employee service is 5 years & 5 Months that time we have to calculate on 5 years only, so is it correct or wrong
please revert for clear doubt with law reference
From India, undefined
As per the above section 4(2) if employee service is 5 years & 6 months its to be consider as a 6 years for gratuity calculation
And in the other hand if employee service is 5 years & 5 Months that time we have to calculate on 5 years only, so is it correct or wrong
please revert for clear doubt with law reference
From India, undefined
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Gratuity calculation.doc
Gratuity Calculation tool.xls