Hi friends,
I am having some deficulties in interpretation of clause "Continuous service" & "apllicability of gratuity", suppose one of the employee has joinned on 01/11/2003 and resigned on 30/11/2008 means after 5 years of service, here I wish to draw your kind attention, what happen if the employees remained absent in this 5 years with some intervals, which causes non complition of one year continuous service[ every year he has not complited 240 days of actual working]. Should I pay him gratuity or he is not entitle for gratuity? even if he was on our muster roll for the period more than 5 years. please help me.
Kishor

From India, Pune
Hi Sowmya,
Your Max Newyork Life is insurance company, so you might be know how to calculate the actuarial valuation. Please send me the method to calaculate the actuarial valuation.
Thanks & Regards
Kishor

From India, Pune
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