Dear HR Aspirants,
This is shekhar working in an automobile manufacturing at noida.
From the extent of Gratuity Act 1972, I am a bit confused over calculation of gratuity, suppose if any employee completed 8 yrs, 6 months and 0 days in continuous basis than how do i calculated the total number of years of service whether i should consider this as 9 years or 8 years ?
Pls comment
From India, Delhi
This is shekhar working in an automobile manufacturing at noida.
From the extent of Gratuity Act 1972, I am a bit confused over calculation of gratuity, suppose if any employee completed 8 yrs, 6 months and 0 days in continuous basis than how do i calculated the total number of years of service whether i should consider this as 9 years or 8 years ?
Pls comment
From India, Delhi
If it is 8 yrs and exactly 6 months, then gratuity shall be computed for 8 years only because a fraction of the service will be rounded off to an year if it is in excess of six months.B.Saikumar, ,
From India, Mumbai
1898From India, Mumbai
If it is 8 years 6 months and 0 days, Gratuity to be calculated for 8 years only..Dr.Prashanth Verma, Director, Value HR First Consulting..
From India, Hyderabad
From India, Hyderabad
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