Gratuity calculation - years of service rounding query
Charles
(Querist) 21 May 2018
This query is : Resolved
Hello All,
I've recently resigned from my organization. My DOJ was 24-DEC-2012 and DOL will be 13-JUL-2018.
This translates to 5 years 6 Months and 19 Days of service.
Since this exceeds 6 months of services, will this be considered as 6 years, or will this be considered as 5 years, for gratuity calculations ?
Regards,
Charles
Kumar Doab
(Expert) 21 May 2018
6Y
Per The Payment of Gratuity Act, 1972.
Kumar Doab
(Expert) 21 May 2018
Ref; Sec;4(2)
Why any confusion on such simple thing that is clear in the Act.
Ms.Usha Kapoor
(Expert) 22 May 2018
It can be considered 6 years in the Act.