When an employee has completed Five years of his continuous service with an organization and in the sixth year he worked for 7 months and 10 days only, as per rule of Gratuity payment Act shall we round off to Six-year or to calculate for 5 years?
From India, Pune
1From India, Pune
Dear
For any calculation regarding final settlement we have to consider only completed year and rounding off will not be accepted. But for the benefit of the ex-employee if your rules permits the Government will not object your company to pay any additional payment/ex-gratia/monetay benefits/gifts.
With warm regards
S. Bhaskar
From India, Kumbakonam
For any calculation regarding final settlement we have to consider only completed year and rounding off will not be accepted. But for the benefit of the ex-employee if your rules permits the Government will not object your company to pay any additional payment/ex-gratia/monetay benefits/gifts.
With warm regards
S. Bhaskar
From India, Kumbakonam
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Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc