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?
From India, Mumbai
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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?
From India, Mumbai
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It will be for 7 years because the employee has worked only for 5 months and 28 days in the 8th year. If the 8th year accounts for just one day more than six months, then the fraction of the year will be rounded off to the next year. Since it is less than six months, the fraction of the year will be ignored.
From India, Kannur
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4526From India, Kannur
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Gratuity calculation.doc
Madras HC judg regarding gratuity is applicable if workmen is working 4 years 240 days..pdf
Pandarinth-rathod
According to your answer, if an employee works for 4 years and 6 months, then his service will be rounded up to 5 years, so will he get gratuity? because many companies are stating that an employee has to complete 7 years exactly. So what would be your answer, sir?