What is my Gratuity?

[Ananya lekha]

I have completed 4 years and 6 months in a company... I know As per gratuity act, employees who have 5 years of service is eligible for the gratuity.....But am i eligible for gratuity, since i worked for 4 years and 6 months. If so, how to calculate gratuity for my service???

AI Summary

Eligibility for Gratuity: Must Complete 5 Years Under Gratuity Act; 4 Years and 6 Months Insufficient Despite Calculation Method. An individual inquired about eligibility for gratuity after working 4 years and 6 months at a company, referencing the requirement of 5 years under the Gratuity Act. One respondent suggested they might be eligible and provided a calculation method, while three others disagreed, stating eligibility requires completing 5 years. One detailed that eligibility also depends on working 240 days in a year and provided a gratuity calculation example based on salary. The consensus was that the individual is not yet eligible for gratuity.