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
boss2966
1168

Industrial Relations
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
BHAVAN
17

HR MANAGER
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
From India, Bangalore
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