Gratuity Payble
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 October 2010
Good Morning all Experts,
If a person completed 4 years 9 months 20 days in a company and left the job is liable for Gratuity or not.
Thanks for your time.
If a person completed 4 years 9 months 20 days in a company and left the job is liable for Gratuity or not.
Thanks for your time.
21 October 2010
Rounding off of fraction of an year to a completed year is only for the purpose of calculating eligibilty. But for payment of gratuity 5 years tenure has to be counted with out the rouding off method. Courts have repeatedly said that in the case of fraction of an year to be converted to a completed year, the employee must have worked not less than 240 days in that fraction year. In other words an employee who is in continues service of not less than 4 years 8 months and 5 days will only get the benefit of the Payment of Gratuity Act,1972.
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