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Gratuity calculation, Other Topics |
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Gratuity calculation |
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Dear Sir, Please advice:- Q:- Kamal resign on dated 5th of May 2010 and left to company on dated 9.7.10 his total service is 10 years and his basic salary is 2,50,000 then what amount is gatuity liability Rs. 350000 or Rs. 10,00,000. Because: 1) Gratuity rule change on dated 15th of May 2010 2) He resign on dated 5th of May 2010 3) He left the company date 9/7/10 when gratuity rule change of Rs. 10,00,000. So Kindl advice what is correct base of gratuity calculation. Rs 3,50,000 or Rs 10,00,000 Regards Udit
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Notification dated 11-6-2010 is very specific. This notification is effective from 24-5-2010. Any retirement before such date would not be eligible for revised benefit. A careful reading of the notification would not leave any doubt.
same as above. Page: 1 Old Query - New Comments are closed. |
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