Dear HR Aspirants,
This is Shekhar working in an automobile manufacturing company in Noida.
I have a query regarding the calculation of gratuity under the Payment of Gratuity Act, 1972. If an employee completes 8 years, 6 months, and 0 days of continuous service, how should I calculate the total number of years of service? Should I consider this as 9 years or 8 years?
Please comment.
From India, Delhi
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This is Shekhar working in an automobile manufacturing company in Noida.
I have a query regarding the calculation of gratuity under the Payment of Gratuity Act, 1972. If an employee completes 8 years, 6 months, and 0 days of continuous service, how should I calculate the total number of years of service? Should I consider this as 9 years or 8 years?
Please comment.
From India, Delhi
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If it is 8 yrs and exactly 6 months, then gratuity shall be computed for 8 years only because a fraction of the service will be rounded off to an year if it is in excess of six months.B.Saikumar, ,
From India, Mumbai
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1979From India, Mumbai
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If it is 8 years 6 months and 0 days, Gratuity to be calculated for 8 years only..Dr.Prashanth Verma, Director, Value HR First Consulting..
From India, Hyderabad
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From India, Hyderabad
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