Gratuity - Gratuity Calculation [Thread 405570] - CiteHR
Coolhero4u4ever
Heading Hr In B School
Naush_bin
Officer Personnel

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one of my employee completed 24 years 5 month and 29 days of service since she retired in the month of February 2012 what will be completed years of service in case of calculation of gratuity. please provide reference of legal judgement in support of your answer.
like you mentioned 24 years of completed services and for the 25 years of calculation see if she is completing 240 days of 365 days if yes then you have to calculate her gratuity basis to 25 years of completed services or else on 24 years of completed services with the organization
the formula will be Basic ( last drawn basic salary)*15/26 X total number of completed year

Dear naush_bin
If you could give the exact date of joining and leaving probably I will be able to get a clear picture and give a correct answer. Does your query mean that whether the 29 days in February has to be reckoned as one month or not, then the answer is it has to be reckoned as one month and the length of service calculated.
With regards

Her joining date is 1.09.1987 and her date of release is 29.02.2012 I want to know her number of years of completed service for gratuity calculation please provide legal reference if any
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