Hi, I have doubt regd Gratuity. If an employee works for 4 years 9 months, will he/she eligible for gratuity or not. Also is notice period countable while calculating gratuity.
From India, Hyderabad
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11From India, Hyderabad
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Hi, To claim a gratuity from the company an employees needs to complete a minimum of 4 years 240 days in the same company. Hence you are eligible for the gratuity benefit.
From India, Pune
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From India, Pune
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No, you are not eligible to receive any gratuity unless you complete 5 years.
Gratuity Calculation Considerations
Now, what you have cited—the 4 years and 240 days or half fraction yielding to more than 6 months—is only taken into consideration for the payment and calculation of gratuity.
240 days in the last year are only taken into consideration if you are in the jurisdiction of Tamil Nadu.
Employer's Discretion and Legal Binding
Now, it rests on the employer's wish. Some employers consider the 240 days in the last year, and some don't, as the verdict was given by the Madras High Court, and it's binding upon Tamil Nadu region employees. So legally, if you are not from the Tamil Nadu region, your employer can well decline to give you the gratuity benefits unless you complete 5 years of employment service.
From India, Calcutta
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Gratuity Calculation Considerations
Now, what you have cited—the 4 years and 240 days or half fraction yielding to more than 6 months—is only taken into consideration for the payment and calculation of gratuity.
240 days in the last year are only taken into consideration if you are in the jurisdiction of Tamil Nadu.
Employer's Discretion and Legal Binding
Now, it rests on the employer's wish. Some employers consider the 240 days in the last year, and some don't, as the verdict was given by the Madras High Court, and it's binding upon Tamil Nadu region employees. So legally, if you are not from the Tamil Nadu region, your employer can well decline to give you the gratuity benefits unless you complete 5 years of employment service.
From India, Calcutta
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Gratuity Calculation: Eligible Salary Components
Can you tell me what part of the salary is eligible for the payment of gratuity? Is it calculated on the CTC, i.e., Basic + HRA and other benefits provided by the employer, or is it based on Basic only?
Gratuity Payment: Days of Salary Payable
Also, please inform me about how many days' salary is payable as gratuity for one completed year. How many days' salary is payable after 10 years of service as gratuity? Please provide a detailed reply.
From India, Gurgaon
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Can you tell me what part of the salary is eligible for the payment of gratuity? Is it calculated on the CTC, i.e., Basic + HRA and other benefits provided by the employer, or is it based on Basic only?
Gratuity Payment: Days of Salary Payable
Also, please inform me about how many days' salary is payable as gratuity for one completed year. How many days' salary is payable after 10 years of service as gratuity? Please provide a detailed reply.
From India, Gurgaon
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SALARY SHEET CALCULATION.xls
Salary calculation.doc