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Dear All, I have face question in interview that if emloyee’s working 5.4 years in a company. He should be eligible for how many years for graduity.Please reply on this
From United States, Bentonville
From United States, Bentonville
Point No. 6 (3) may be corrected as " the maximum gratuity payable shall not exceed Rs 10 lakhs as per section 4(3)" It is not 20 months salary.
Sanjay: 5 years and 4 months shall be taken as 5 years only for the purpose of gratuity and the fraction of 4 months will be ignored.
Regards,
Madhu.T.K
From India, Kannur
Sanjay: 5 years and 4 months shall be taken as 5 years only for the purpose of gratuity and the fraction of 4 months will be ignored.
Regards,
Madhu.T.K
From India, Kannur
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Abstract of PAYMENT OF GRATUITY ACT & RULES, 1972, FORM U[1].doc