Yes sir
In the 5th year 240days are enough for the payment of Graduity.
First everyone should know the meaning of Graduity .
It is the regard and gratitude shown by the company towards it's employees. Payment guidelines are only for reminding the courtesy of the company. I saw some companies pay their employees beyond above than existing norms of PG. Act.
So think liberally not to go letter by letter of the Act.
Think liberally in paying to your workers...
Recently gratuity limit time is reduced from 5yrs to 2yrs by central government on process of amending the Act.
In the 5th year 240days are enough for the payment of Graduity.
First everyone should know the meaning of Graduity .
It is the regard and gratitude shown by the company towards it's employees. Payment guidelines are only for reminding the courtesy of the company. I saw some companies pay their employees beyond above than existing norms of PG. Act.
So think liberally not to go letter by letter of the Act.
Think liberally in paying to your workers...
Recently gratuity limit time is reduced from 5yrs to 2yrs by central government on process of amending the Act.