Gratuity - Can I claim gratuity
1 year ago
Can I claim gratuity if i have completed 4 years 9 month. In company
A.As per the Payment of Gratuity Act, 1972, an employee is eligible for gratuity if they have completed a minimum of five years of continuous service with an employer. However, if an employee has completed at least 4 years and 6 months of continuous service, they may be eligible for a pro-rata amount of gratuity.
In your case, since you have completed 4 years and 9 months of continuous service, you may be eligible for a pro-rata amount of gratuity. The pro-rata amount will be calculated based on the number of years and months of service completed.
The formula to calculate the pro-rata gratuity amount is as follows:
Gratuity amount = (Last drawn salary x 15/26) x (number of completed years of service + any remaining months of service/12)
Thank You
In your case, since you have completed 4 years and 9 months of continuous service, you may be eligible for a pro-rata amount of gratuity. The pro-rata amount will be calculated based on the number of years and months of service completed.
The formula to calculate the pro-rata gratuity amount is as follows:
Gratuity amount = (Last drawn salary x 15/26) x (number of completed years of service + any remaining months of service/12)
Thank You
Helpful
Helpful
Share
Read Related Answers
Can company enforce non-poaching in case of severance
Dear Client,
To ensure benefit, from an employer's perspective, in lateral hiring amongst competitors, non-poaching clauses are often added to agreements. Non-poaching agreements are contracts entered...
Family pension eligibility
Dear Client,
According to sub-rule 6(iii) of Rule 54 of the CCS(Pension) Rules, 1972, and the circular dated 29/04/2011 of the Department of Pension and Pensioner's Welfare, GOI, the family pension...
Epfo entry for dual company
Dear Client,
When your EPF record shows an anomaly in the joining date in both the A & B Company, then until and unless the concerned employers rectify that anomaly, PF records will show dual employm...
Mental harrasment by Branch head on matter of leave
Dear Client,
It was your mistake to appreciate the remarks of the leave-approving authority before going on leave which makes you liable to face disciplinary action for unauthorised absence now. You c...
Officer is not Verifying My payment
Dear Client,
In the given scenario, If the action of the management appears to you arbitrary, unethical, and contrary to the terms of your employment, then serving a legal notice to the Company you ca...
Read Blogs on Employment and Labour
Employment and Labour Lawyers
Find Lawyers by Location
