Gratuity Calculation for Employment Duration
If an employee works for 7 years, 5 months, and 28 days, should the gratuity be paid for 7 years or 8 years? Is the gratuity amount rounded off to the next year?
For example, if someone works from 3rd July 2017 until 31st December 2024, how many years should a gratuity be paid to him? Is it 7 years or 8 years?
If an employee works for 7 years, 5 months, and 28 days, should the gratuity be paid for 7 years or 8 years? Is the gratuity amount rounded off to the next year?
For example, if someone works from 3rd July 2017 until 31st December 2024, how many years should a gratuity be paid to him? Is it 7 years or 8 years?