Dear Seniors, One employee has the 706 Days LOP. Hence, we want calculate gratuity eligible years. So, 706 days dividable for 26days or 30 Days. Urgent please
From India, Bengaluru
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21From India, Bengaluru
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Hi,
It needs to be calculated year-wise and divided by 26 always. You may have taken 706 LOP's during his/her whole service record, but it needs to be segregated as per year.
Regards,
Harpreet Walia
From India, New Delhi
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It needs to be calculated year-wise and divided by 26 always. You may have taken 706 LOP's during his/her whole service record, but it needs to be segregated as per year.
Regards,
Harpreet Walia
From India, New Delhi
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In each year, employees should have worked for a minimum of 240 days. The year in which an employee does not have a minimum of 240 days, gratuity can be withheld only for that particular year. However, before resorting to this, the employer has to issue a show-cause notice to the employee, calling for an explanation as to why the gratuity amount should not be forfeited for the years in which the employee has not worked for a minimum of 240 days.
From India, New Delhi
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From India, New Delhi
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Gratuity calculation.doc
Gratuity Calculation tool.xls