Gratuity Act - Abstract - Doc Download

Dear Friends, I think this abstract of the Gratuity Act will help u.
Regards

Dear All,
I have face question in interview that if emloyee's working 5.4 years in a company. He should be eligible for how many years for graduity.Please reply on this

Madhu.T.K

Point No. 6 (3) may be corrected as " the maximum gratuity payable shall not exceed Rs 10 lakhs as per section 4(3)" It is not 20 months salary.
Sanjay: 5 years and 4 months shall be taken as 5 years only for the purpose of gratuity and the fraction of 4 months will be ignored.
Regards,
Madhu.T.K

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