Hi there! I need help calculating gratuity eligibility and amount. I joined a company on 09 June 2014, and my last working day in that company was 16 February 2019. As we all know, for gratuity, we only need to complete 4 years and 240 days. I have completed 4 years, 8 months, and 8 days in that company. I need help with the following points:
1) How do I count 240 working days? Will it include Saturday and Sunday? In that office, all Saturdays and Sundays were off.
2) (Basic*15*completed years)/26. In the formula, should I put 4.8 or 5? In my case, I have completed 4 years, 8 months, and 8 days.
I request you all to support your answers by referring to some act or document so that I can provide them to the company.
1) How do I count 240 working days? Will it include Saturday and Sunday? In that office, all Saturdays and Sundays were off.
2) (Basic*15*completed years)/26. In the formula, should I put 4.8 or 5? In my case, I have completed 4 years, 8 months, and 8 days.
I request you all to support your answers by referring to some act or document so that I can provide them to the company.