Court Judgement On Gratuity Payment 4 Yrs And 6 Months
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@haneuk:> Dear Mohan,> You can calculate the gratuity using the following formula as well: Salary * 26/12 * Total years of serviceDear Haneuk, Can you please explain your new invention and enlighten us?
Section 4, Paragraph, Subsection (2) states, "For every completed year of service or part thereof in excess of six months." Please clarify what "in excess of six months" means. If someone worked for 5 years, 6 months, and 0 days, would it be considered 5 years o...
You are eligible for 6 years and 7 months only for the gratuity. As per "The Payment of Gratuity Act, 1972", under Section 4 - Subsection (2), for every completed year of service or part thereof in excess of six months. Since you have completed a balance of 6 mo...
Sorry, previously I had mentioned that you are eligible for only 6 years and 7 months. However, after delving into the deeper meaning of Section 4(2), it has been clarified that you are actually eligible for a 7-year gratuity. If you complete 6 months and even 1...
@Suraj:> Dear Mohan,> > As per your query, Paragraph 2(b) of the Gratuity Act defines the calculation of 6 months of service for gratuity calculation. It is in line with Section 4, Paragraph sub-section (2) which states that "For every completed year of service ...
@KUMARDQS:> Dear Seniors,> > Kindly inform me, if an employee completes 6 years and 7 months of service, what is their eligibility for Gratuity? Is it 7 years that should be considered for calculating Gratuity, or is it 6.5 years?> > The confusion arises from Pa...
Dear Mohan,You can calculate the gratuity using the following formula as well:Salary * 26/12 * Total Years of ServiceThank you.
Dear,You are eligible for 7 years to be taken into consideration for gratuity. Any period of 6 months or less should be ignored, while any period exceeding 6 months should be considered as a full year.
Dear Mohan,As per your query, Paragraph 2(b) of the Gratuity Act defines how to calculate 6 months of service for gratuity calculation. This is in line with Section 4, Paragraph sub-section (2) which states, "For every completed year of service or part thereof i...
Dear Mohan Kumar,Thank you very much for helping me increase the number of my postings. I would like to request you to view the link provided below: [https://www.citehr.com/462480-gratuity.html](https://www.citehr.com/462480-gratuity.html)Thank you.