Industrial Relations
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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?
4th December 2010 From India, Pune
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
4th December 2010 From India, Kumbakonam
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
4th December 2010 From India, Bangalore
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