Gratuity : In Notice Period - Jpg Download

Hi,
I know any person is eligible for gratuity only when he has completed 5 continuos years in an organisation.
Now, my query is that if anyone is resigning from his company after completing 4 years and 10 months, and his notice period is 2 months then if he is serving the notice period and his 5 years will completed only while considering those 2 months of notice period, will he be eligible for gratuity?
Please advise!!
-Gaurav

Hi Gaurav,
Yes he will be eligible for gratuity as he has completed his 5 yrs. of service. While calculating his gratuity, 5 yrs. are considered from his date of joining the company till the date he finally left.
Rgds,
Jyoti Negi

Hello Gaurav
If an employee has completed his 4 years and 240 days he is eligible to get gratuity.
Pl . find the attched judgement of the Madras High court.
regards,
Parvez Pasta
PSL Ltd.

dear gaurav
he will be eligible for gratuity after completion of 5 yaers of sevice.
tks
j s malik

Hi Gourav
If any employee completed his/her 5 years of contineous service, he is eligable to get gratuity as per the law but recent changes in the act modified as who completed 4 years and 240 days service in the oraganisation ( including layoff. leave with wages. sick leave). hHe/She highly eligable to get Gratuity

Dear Seniors,

Please kindly clarify my doubts on gratuity issue.

• Date of joining means actual date of join or after completion of probation period date ?

• Is 240 days taken for eligibility after deducting leaves?

• What is the formula for Gratuity ? and,

• Is there any upper limit for benefit amount?

Thanks in advance



Regards

Anil

Dear Anil
Please find the answer of your qurey in Blue color

• Date of joining means actual date of join or after completion of probation period date ? - Actual Date of joining

• Is 240 days taken for eligibility after deducting leaves? - With Leave

• What is the formula for Gratuity ? - Wages/26 * 15 * year of service

• Is there any upper limit for benefit amount?- No upper limit but 3,50,000 is tax free and above that limit taxable