pm444 Started The Discussion:
I have doubt in Excel for Gratuity Calculation and is that we have calculated that if any one completed 5 years and 7 months, we calculated 6 year for Calculation of Gratuity and one completed 10 years and 4 months, we calculated 10 years for Calculation of Gratuity.
Now my question is that i have required exact formula for above situation.
Thank & Regards,
Plz go through section 4 of The Payment of Gratuity Act, 1972 for your query.
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Sir Pls advise how is the Gratuity calculation done ,is it taxable it is pais when an employee leaves and has worked for atleast 5 years, is the same taxable. Thanks Upasana
If I have 15 years of service and have 6 months’ approved leave but without pay for 6 months for a particular time during that period, will my number of completed years be considered 14 years ? That is, what is the status of leave without pay? is it considered a part when calculating completed number od years ?
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