Hi,
If a person has completed 5 years in a company, the appraisal cycle is from JULY to JUNE, meaning they receive an incremented basic salary in JULY. If the person resigns in AUGUST 2016, which basic salary will be used to calculate the gratuity? Will it be the incremented basic salary in JULY 2016 or the previous basic salary up to JUNE 2016?
If a person has completed 5 years in a company, the appraisal cycle is from JULY to JUNE, meaning they receive an incremented basic salary in JULY. If the person resigns in AUGUST 2016, which basic salary will be used to calculate the gratuity? Will it be the incremented basic salary in JULY 2016 or the previous basic salary up to JUNE 2016?