Industrial Relations
Hr Manager

PRIME SPONSOR - FACTOHR - Customised Payroll, GPS Enabled Attendance, Travel, Performance Management, HRMS. Explore Features
When an employee have completed Five years of his continious serive with an organisation 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?
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
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
Dear Friend As per Payment of Gratuity Act, 6 months and above is rounded off to one year. For your example, you had to calculate for 6 years. Regards BHAVAN
PRIME SPONSOR - TALENTEDGE "Interactive Anywhere Learning". Executive courses from top reputed institutes like IIM, XLRI, MICA. View Courses
Add Reply Start A New Discussion

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2019 Cite.Co™