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Eligibility of availing gratuity amount as per act 1972

Amol Dharmadhikari (1 Points)

31 August 2021  

May I know if the employee has completed their 4 years 11 months including the notice period of the date of joining without taking any gap? is he can available to get a gratuity amount?

 1 Replies

JGM (Knowledge Sharer) (438 Points)
Replied 02 September 2021

In my view, yes. The period is to be rounded off to the next number. In your case, since the period is more than 4.5 years, it will be rounded off to 5 years and accordingly, he should be entitle for gratuity. Having said this, one needs to evaluate whether he can claim tax exemption or not.

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