Payment of gratuity Act

Querist : Anonymous (Querist) 24 July 2010 This query is : Resolved
Dear Sir,
An employee in a company has completed 5 years and 10 months in a company. Please advice whether the gratuity amount would be payable on 5 years 10 months or complete six years.

Regards,

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A V Vishal (Expert) 24 July 2010
For 6 yrs

Querist : Anonymous (Querist) 24 July 2010
Many thanks for the reply.

s.subramanian (Expert) 24 July 2010
you are entitled for 6 years.

Querist : Anonymous (Querist) 24 July 2010
thanks for the reply

V.T.Venkataram (Expert) 25 July 2010
Gratuity is calculated based on the following formula:

(Basic + D.A) x 15 / 26 x No. of year in service*
in the case mentioned by you, the number of years is evidently 6 years.

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