Gratuity Calculation in India: Does 4 Years and 11 Months Count as 5 Years?

Please let me know if fraction of a year is rounded of to nearest year for calcutating completed year for Gratuity in India? Eg: Incase of 4 years 11 months, will it be considered as 5 years
2nd November 2010 From India

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abbasiti

530

For gratuity calculation, fractions up to 6 months will be rounded down, and any excess will be rounded up. However, for eligibility, one should have a minimum of 5 years of service. This rounding up is only for payment calculation.

Regards,
Abbas
2nd November 2010 From India, Bangalore

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indushri

Dear Ashus, Incase of 4 years 11 months, will it be considered as 5 years. If it is 6 months & more it will be rounded of to one year. Regards Indu
2nd November 2010 From India, Bangalore

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Gratuity Calculation in India: Does 4 Years and 11 Months Count as 5 Years?

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