the law came into existence from Jan 7 ,2005 hence all the employees are covered under gratuity henceforth .If the employee joined before 2005 he isnt covered under gratuity ( as per our company policy ).
Gratuity = ( basic salary / 30 days ) multiplied by 21 days per yr .
the law came into existence from Jan 7 ,2005 hence all the employees are covered under gratuity henceforth .If the employee joined before 2005 he isnt covered under gratuity ( as per our company policy ).
Gratuity = ( basic salary / 30 days ) multiplied by 21 days per yr .