RAVICHANDER V.M. (Senior Executive-Finance) (69 Points)
29 January 2013My Colleague was working in an Company for 9 years and six months( joined Company on March 1st 2003 ).She has resigned her job last year( 2012) on 30 th Sept'12.
Her Company is saying that she is eligible for Grauity only for 9 years and not for 9 years,six months.
Request you to please let me know whether she is eligible for gratuity for 9 years or for 9 years six months, or is it payable for 10 Years(rounded off)
Regards,
Ravichander
@VaibhavJ
(Believe!! Live your dreams!)
(33521 Points)
Replied 29 January 2013
hi
if she has worked for more than six months then she will be getting 10 yrs gratuity, else only 9 months gratutiy.
There is no provisions for 9.5 months as such in law.
Thanks!!
RAVICHANDER V.M.
(Senior Executive-Finance)
(69 Points)
Replied 29 January 2013
Dear Vaibhav,
Thanks for your prompt reply. There is a slight correction.My Colleague was working in an Company for 9 years and six months( joined Company on April 1 st 2003 and not on March 1st 2003 as mentioned by me earlier ).She has resigned her job last year( 2012) on 30 th Sept'12.
She has completed 9 years six months exactly.Is she eligible for grauity for 9 years, 6 months or for 10 years ( rounded off )
Her Company is saying that she is eligible for Grauity only for 9 years and not for 9 years,six months.
Request you to please let me know whether she is eligible for gratuity for 9 years six months, or is it payable for 10 Years(rounded off)
Kindly confirm asap.
Regards,
Ravichander
@VaibhavJ
(Believe!! Live your dreams!)
(33521 Points)
Replied 29 January 2013
hey
since its exact 9 yrs & 6 months then only 9 years gratuity is paid & not 10 yrs.If its in excess of six months then only its rounded up (applicable for employees covered under gratuity act)
Thanks!!
CAclubindia
