I have faced a question in an interview regarding the eligibility of an employee who has worked for 5.4 years in a company. Specifically, the question was about how many years of gratuity they should be entitled to. Please provide your response to this query.
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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