I am Software Engineer and I resigned from my organization. I would like to know about Gratuity Eligibility and Calulation.
Some people said that to be eligible for Gratuity 5 years service is mandatory but some of my friends also said that if I am completing 4.8 + years then also I am eligible for this.
Currently I am on notice period (3 Months) and I will be relieved by End of March and my total years of service will be 4.9 Years till that time. We work 5 days a week.
1) So I am applicable for Gratuity or not ?
2) Is there any reference of the Law for this ? A link / section statement of a Law/act. This will be helpful for me.
3) How the Gratuity gets calulated ?